Fortune Minerals (TSE:FT) Given a C$0.35 Price Target at Fundamental Research

Fundamental Research set a C$0.35 price objective on Fortune Minerals (TSE:FT) in a report issued on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Fortune Minerals Stock Performance

Shares of TSE FT opened at C$0.09 on Friday. The company has a debt-to-equity ratio of 24.90, a current ratio of 0.08 and a quick ratio of 0.04. Fortune Minerals has a one year low of C$0.03 and a one year high of C$0.13. The business’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.05. The company has a market capitalization of C$42.47 million, a P/E ratio of -8.50 and a beta of 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.