Fortune Minerals (TSE:FT) Trading Down 9.1% – Should You Sell?

Fortune Minerals Limited (TSE:FT) dropped 9.1% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 407,510 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 421,740 shares. The stock had previously closed at C$0.06.

Fortune Minerals Stock Performance

The stock has a market capitalization of C$25.35 million, a P/E ratio of -5.50 and a beta of 0.01. The company’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The company has a current ratio of 0.05, a quick ratio of 0.04 and a debt-to-equity ratio of 24.90.

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.