Fortune Minerals (TSE:FT) Given a C$0.42 Price Target at Fundamental Research

Fundamental Research set a C$0.42 price objective on Fortune Minerals (TSE:FT) in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Fortune Minerals Price Performance

Shares of Fortune Minerals stock opened at C$0.06 on Tuesday. The firm has a market cap of C$31.91 million, a PE ratio of -11.16 and a beta of 0.01. Fortune Minerals has a twelve month low of C$0.03 and a twelve month high of C$0.13. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61. The business has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

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.