Fundamental Research Analysts Give Fortune Minerals (TSE:FT) a C$0.35 Price Target

Fundamental Research set a C$0.35 price target on Fortune Minerals (TSE:FT) in a report published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Fortune Minerals Price Performance

Shares of TSE FT opened at C$0.05 on Tuesday. Fortune Minerals has a twelve month low of C$0.03 and a twelve month high of C$0.13. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61. The company has a market capitalization of C$26.11 million, a price-to-earnings ratio of -9.13 and a beta of 0.01. The firm has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$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.