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

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 30,800 shares, an increase of 172.6% from the September 30th total of 11,300 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is presently 0.6 days.

Fortune Minerals Trading Down 6.4 %

OTCMKTS FTMDF opened at $0.04 on Monday. The business’s fifty day moving average is $0.04 and its 200 day moving average is $0.05. Fortune Minerals has a fifty-two week low of $0.02 and a fifty-two week 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.