Fortune Minerals (TSE:FT) Share Price Passes Above 200-Day Moving Average of $0.09

Fortune Minerals Limited (TSE:FT)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.09 and traded as high as $0.09. Fortune Minerals shares last traded at $0.09, with a volume of 57,700 shares.

The business’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.09. The company has a debt-to-equity ratio of 13.04, a quick ratio of 13.85 and a current ratio of 14.39. The stock has a market cap of $28.38 million and a price-to-earnings ratio of -6.67.

About Fortune Minerals (TSE:FT)

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. It primarily holds a 100% interest in the NICO gold-cobalt-bismuth-copper project located in the Northwest Territories.

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