Fortune Minerals (OTCMKTS:FTMDF) Shares Cross Below 50-Day Moving Average – Should You Sell?

Fortune Minerals Limited (OTCMKTS:FTMDFGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.04 and traded as low as $0.03. Fortune Minerals shares last traded at $0.03, with a volume of 8,000 shares traded.

Fortune Minerals Price Performance

The company has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.04.

About Fortune Minerals

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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.

Further Reading

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