Fortune Minerals (TSE:FT) PT Set at C$0.42 by Fundamental Research

Fortune Minerals (TSE:FT) received a C$0.42 price target from analysts at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Fortune Minerals Price Performance

TSE FT traded down C$0.01 during trading hours on Tuesday, reaching C$0.06. 814,935 shares of the stock traded hands, compared to its average volume of 328,223. 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 stock has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. Fortune Minerals has a 1 year low of C$0.03 and a 1 year high of C$0.13. The company has a market cap of C$31.91 million, a price-to-earnings ratio of -11.16 and a beta of 0.01.

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.