Fortune Minerals (TSE:FT) Stock Passes Above 200-Day Moving Average of $0.07

Shares of Fortune Minerals Limited (TSE:FT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.07 and traded as high as $0.09. Fortune Minerals shares last traded at $0.08, with a volume of 332,074 shares changing hands.

The company has a debt-to-equity ratio of 14.38, a quick ratio of 3.30 and a current ratio of 3.44. The firm has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.07. The firm has a market capitalization of $28.76 million and a P/E ratio of -80.00.

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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