Fortune Minerals (TSE:FT) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Fortune Minerals Limited (TSE:FT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.10. Fortune Minerals shares last traded at C$0.10, with a volume of 201,208 shares.

Fortune Minerals Stock Performance

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 firm has a market capitalization of C$55.57 million, a P/E ratio of -4.75 and a beta of -1.35. The company’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.08.

Fortune Minerals (TSE:FT) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.00 earnings per share for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 30.09%.

Fortune Minerals Company Profile

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.