Fortune Minerals (TSE:FT) Given a C$0.42 Price Target at Fundamental Research

Fundamental Research set a C$0.42 price objective on Fortune Minerals (TSE:FT) in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Fortune Minerals Trading Up 9.1 %

Shares of FT stock opened at C$0.06 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 market capitalization of C$34.82 million, a price-to-earnings ratio of -12.17 and a beta of 0.01. The firm has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61.

Fortune Minerals Company Profile

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.