Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Drops By 69.6%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 22,500 shares, a drop of 69.6% from the July 15th total of 74,100 shares. Based on an average daily trading volume, of 53,600 shares, the short-interest ratio is currently 0.4 days.

Fortune Minerals Stock Up 20.3 %

FTMDF stock traded up $0.01 during trading on Tuesday, reaching $0.05. 2,025 shares of the stock were exchanged, compared to its average volume of 70,560. The stock has a 50 day simple moving average of $0.06 and a 200-day simple moving average of $0.04. Fortune Minerals has a twelve month low of $0.02 and a twelve month high of $0.10.

Fortune Minerals Company Profile

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories.