Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Grows By 9.6%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 66,200 shares, a growth of 9.6% from the November 15th total of 60,400 shares. Based on an average trading volume of 102,500 shares, the short-interest ratio is currently 0.6 days.

Fortune Minerals Price Performance

Shares of OTCMKTS FTMDF opened at $0.04 on Tuesday. Fortune Minerals has a fifty-two week low of $0.02 and a fifty-two week high of $0.10. The stock’s 50-day simple moving average is $0.04 and its 200-day simple 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.