Fortune Minerals Limited (OTCMKTS:FTMDF) Sees Large Increase in Short Interest

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 69,500 shares, a growth of 125.6% from the October 15th total of 30,800 shares. Based on an average daily trading volume, of 108,800 shares, the short-interest ratio is presently 0.6 days.

Fortune Minerals Trading Up 0.3 %

Shares of OTCMKTS FTMDF traded up $0.00 during midday trading on Friday, hitting $0.04. The company’s stock had a trading volume of 8,000 shares, compared to its average volume of 60,184. Fortune Minerals has a 12-month low of $0.02 and a 12-month high of $0.10. The business’s 50 day moving average is $0.04 and its two-hundred day moving average is $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.