Fortune Minerals Limited (OTCMKTS:FTMDF) Sees Large Increase in Short Interest

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 67,500 shares, an increase of 3,275.0% from the August 15th total of 2,000 shares. Based on an average daily volume of 42,900 shares, the days-to-cover ratio is presently 1.6 days.

Fortune Minerals Price Performance

Shares of OTCMKTS FTMDF opened at $0.05 on Friday. Fortune Minerals has a twelve month low of $0.02 and a twelve month high of $0.10. The business has a fifty day simple moving average of $0.05 and a two-hundred day simple moving average of $0.05.

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.