Fortune Minerals Limited (OTCMKTS:FTMDF – Get Free Report)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.11 and traded as low as $0.0929. Fortune Minerals shares last traded at $0.0998, with a volume of 37,300 shares trading hands.
Fortune Minerals Stock Performance
The company’s 50 day moving average is $0.11 and its 200-day moving average is $0.10.
About Fortune Minerals
Fortune Minerals Ltd., trading on the OTCMKTS under the symbol FTMDF, is a Canadian resource development company focused on advancing its flagship NICO cobalt-gold-bismuth-copper project in the Northwest Territories. Headquartered in London, Ontario, the company’s primary objective is to bring one of Canada’s first integrated cobalt operations into production, combining on-site mining and milling with off-site hydrometallurgical refining. Fortune Minerals aims to supply critical metals used in batteries, electronics, and other high-growth industrial applications.
The NICO deposit hosts a polymetallic orebody comprising cobalt, copper, gold, and bismuth.
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