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

Fortune Minerals (TSE:FT) has been assigned a C$0.42 price target by investment analysts at Fundamental Research in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Fortune Minerals Price Performance

FT stock remained flat at C$0.05 during midday trading on Tuesday. The company had a trading volume of 1,270,682 shares, compared to its average volume of 353,722. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61. 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 capitalization of C$29.01 million, a price-to-earnings ratio of -10.14 and a beta of 0.01. The business’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is 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.