Fortune Minerals (TSE:FT) Shares Pass Above 200 Day Moving Average – What’s Next?

Posted by ABMN Staff on Mar 19th, 2025

Fortune Minerals Limited (TSE:FT – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.05 and traded as high as C$0.05. Fortune Minerals shares last traded at C$0.05, with a volume of 193,030 shares trading hands.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.35 price target on Fortune Minerals and gave the company a “buy” rating in a research report on Tuesday, February 11th.

View Our Latest Analysis on Fortune Minerals

Fortune Minerals Stock Up 11.1 %

The stock has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61. The firm has a market cap of C$29.01 million, a PE ratio of -10.14 and a beta of 0.01.

Fortune Minerals Company Profile

(Get Free Report)

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.