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

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

Fortune Minerals Stock Performance

Fortune Minerals stock opened at C$0.07 on Tuesday. The company has a market cap of C$37.72 million, a PE ratio of -13.19 and a beta of 0.01. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61. Fortune Minerals has a 1 year low of C$0.04 and a 1 year high of C$0.13. The company’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$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.