Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Declines By 13.1%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 60,400 shares, a decrease of 13.1% from the October 31st total of 69,500 shares. Based on an average daily volume of 79,000 shares, the short-interest ratio is presently 0.8 days.

Fortune Minerals Stock Up 13.3 %

FTMDF stock traded up $0.00 on Friday, hitting $0.04. 4,000 shares of the company’s stock were exchanged, compared to its average volume of 59,814. The firm has a 50 day moving average price of $0.04 and a two-hundred day moving average price of $0.05. Fortune Minerals has a 12-month low of $0.02 and a 12-month high of $0.10.

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.