Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Up 371.8% in March

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 70,300 shares, a growth of 371.8% from the February 28th total of 14,900 shares. Based on an average trading volume of 74,200 shares, the short-interest ratio is presently 0.9 days.

Fortune Minerals Price Performance

FTMDF opened at $0.04 on Friday. The business’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.04. Fortune Minerals has a 12-month low of $0.02 and a 12-month high of $0.10.

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.