Fortune Minerals (TSE:FT) PT Set at C$0.42 by Fundamental Research

Fortune Minerals (TSE:FT) received a C$0.42 target price from research analysts at Fundamental Research in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Fortune Minerals Price Performance

TSE FT opened at C$0.06 on Tuesday. The company has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. Fortune Minerals has a 52 week low of C$0.03 and a 52 week high of C$0.13. The stock has a market cap of C$31.91 million, a price-to-earnings ratio of -11.16 and a beta of 0.01. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61.

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.