Fundamental Research Reiterates C$0.42 Price Target for Fortune Minerals (TSE:FT)

Fundamental Research set a C$0.42 price objective on Fortune Minerals (TSE:FT) in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Fortune Minerals Trading Down 16.7 %

Shares of Fortune Minerals stock opened at C$0.05 on Tuesday. The stock has a market cap of C$29.01 million, a PE ratio of -10.14 and a beta of 0.01. The firm has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.05. Fortune Minerals has a 1 year low of C$0.03 and a 1 year high of C$0.13. The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04.

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.