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

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

Fortune Minerals Stock Down 8.3 %

FT stock traded down C$0.01 during midday trading on Tuesday, hitting C$0.06. The stock had a trading volume of 814,935 shares, compared to its average volume of 328,223. 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 firm has a market cap of C$31.91 million, a price-to-earnings ratio of -11.16 and a beta of 0.01. The business has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.05. Fortune Minerals has a 52-week low of C$0.03 and a 52-week high of C$0.13.

About Fortune Minerals

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.