Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Update

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 112,100 shares, an increase of 587.7% from the May 31st total of 16,300 shares. Based on an average daily trading volume, of 155,100 shares, the days-to-cover ratio is presently 0.7 days.

Fortune Minerals Stock Performance

Shares of OTCMKTS FTMDF traded down $0.01 during mid-day trading on Thursday, reaching $0.07. 21,500 shares of the company were exchanged, compared to its average volume of 81,019. The company’s 50-day simple moving average is $0.05 and its 200-day simple moving average is $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.