Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Up 371.8% in March

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 70,300 shares, an increase of 371.8% from the February 28th total of 14,900 shares. Based on an average daily trading volume, of 74,200 shares, the short-interest ratio is presently 0.9 days.

Fortune Minerals Trading Down 1.9 %

OTCMKTS FTMDF opened at $0.04 on Friday. Fortune Minerals has a 52 week low of $0.02 and a 52 week high of $0.10. The company has a 50 day moving average price of $0.03 and a 200 day moving average price of $0.04.

About Fortune Minerals

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.