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

Fundamental Research set a C$0.42 price target on Fortune Minerals (TSE:FT) in a research report released on Tuesday,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$0.07 on Tuesday. The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04. The business has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The stock has a market capitalization of C$37.72 million, a P/E ratio of -13.19 and a beta of 0.01. Fortune Minerals has a 12 month low of C$0.04 and a 12 month high of C$0.13.

About Fortune Minerals

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.