Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Expands By 3,275.0%

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 67,500 shares, an increase of 3,275.0% from the August 15th total of 2,000 shares. Based on an average daily volume of 42,900 shares, the short-interest ratio is presently 1.6 days.

Fortune Minerals Trading Up 8.4 %

OTCMKTS:FTMDF traded up $0.00 during trading hours on Thursday, reaching $0.05. The company had a trading volume of 1,000 shares, compared to its average volume of 63,848. The firm’s 50 day moving average price is $0.05 and its 200-day moving average price is $0.05. Fortune Minerals has a 52 week low of $0.02 and a 52 week high of $0.10.

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.