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

Fundamental Research set a C$0.42 price target on Fortune Minerals (TSE:FT) in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Fortune Minerals Stock Down 16.7 %

Shares of TSE:FT opened at C$0.05 on Tuesday. 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 business 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 firm has a market capitalization of C$29.01 million, a PE ratio of -10.14 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.