Fortune Minerals (TSE:FT) PT Set at C$0.35 by Fundamental Research

Fortune Minerals (TSE:FT) received a C$0.35 price target from equities research analysts at Fundamental Research in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price suggests a potential upside of 311.76% from the company’s current price.

Fortune Minerals Stock Performance

TSE:FT opened at C$0.09 on Friday. The business has a 50 day moving average of C$0.08 and a 200 day moving average of C$0.05. The company has a market capitalization of C$42.47 million, a price-to-earnings ratio of -8.50 and a beta of 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 24.90, a current ratio of 0.08 and a quick ratio 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.