Fortune Minerals Limited (OTCMKTS:FTMDF) Sees Significant Decline in Short Interest

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 200 shares, a drop of 90.0% from the February 29th total of 2,000 shares. Based on an average trading volume of 80,600 shares, the days-to-cover ratio is presently 0.0 days.

Fortune Minerals Price Performance

OTCMKTS:FTMDF remained flat at $0.02 during midday trading on Friday. 331,982 shares of the company traded hands, compared to its average volume of 43,059. The stock has a fifty day moving average of $0.03 and a two-hundred day moving average of $0.03. Fortune Minerals has a 12-month low of $0.02 and a 12-month high of $0.11.

About Fortune Minerals

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.