Fortitude Gold (OTCMKTS:FTCO) Issues Earnings Results

Fortitude Gold (OTCMKTS:FTCO) released its earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03, reports. The business had revenue of $10.32 million for the quarter, compared to the consensus estimate of $16.41 million.

Fortitude Gold Stock Up 1.1%

OTCMKTS FTCO opened at $3.92 on Friday. Fortitude Gold has a one year low of $3.72 and a one year high of $6.10. The company has a 50-day simple moving average of $4.55 and a 200-day simple moving average of $4.89.

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.