Fortune Minerals Limited (OTCMKTS:FTMDF – Get Rating) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 112,300 shares, a growth of 38.3% from the May 15th total of 81,200 shares. Based on an average daily trading volume, of 119,000 shares, the days-to-cover ratio is presently 0.9 days.
FTMDF stock traded up $0.00 during mid-day trading on Wednesday, reaching $0.07. 5,400 shares of the company traded hands, compared to its average volume of 84,009. Fortune Minerals has a 52-week low of $0.06 and a 52-week high of $0.13. The company has a fifty day moving average price of $0.09 and a 200-day moving average price of $0.10.
About Fortune Minerals (Get Rating)
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily 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.
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