Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.12, with a volume of 350646 shares traded. The stock had previously closed at C$0.12.
Fortune Minerals Stock Performance
The company has a market cap of C$70.19 million, a price-to-earnings ratio of -6.00 and a beta of -2.12. The stock’s fifty day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.10. The company has a debt-to-equity ratio of -140.09, a quick ratio of 0.04 and a current ratio of 0.22.
Fortune Minerals Company Profile
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.
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