Fortitude Gold (OTCMKTS:FTCO) Announces Earnings Results

Fortitude Gold (OTCMKTS:FTCO) released its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03, reports. The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $16.41 million.

Fortitude Gold Stock Performance

Fortitude Gold stock traded down $0.10 during trading hours on Wednesday, hitting $4.20. 23,926 shares of the stock traded hands, compared to its average volume of 49,544. Fortitude Gold has a one year low of $3.74 and a one year high of $6.10. The firm’s 50-day moving average price is $4.60 and its two-hundred day moving average price is $4.92.

About Fortitude Gold

Fortitude Gold is a U.S.-based gold and silver company focused on mining, exploration and development in Nevada’s Walker Lane mineral belt. The company produces gold and silver doré and has centered its operations on the Isabella Pearl open-pit, heap-leach mine in Mineral County. Fortitude Gold became an independent company in 2021 after being spun off from Gold Resource Corporation. Alongside Isabella Pearl, it holds other Nevada properties for exploration and potential development. Jason Reid has served as Fortitude Gold’s president and chief executive officer.