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

Fundamental Research set a C$0.35 target price on Fortune Minerals (TSE:FT) in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Fortune Minerals Stock Performance

FT opened at C$0.05 on Tuesday. The company has a debt-to-equity ratio of 24.90, a current ratio of 0.05 and a quick ratio of 0.04. The business has a fifty day simple moving average of C$0.05 and a 200 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 capitalization of C$24.08 million, a PE ratio of -4.75 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.