Fortune Minerals (OTCMKTS:FTMDF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Fortune Minerals Limited (OTCMKTS:FTMDFGet Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.03 and traded as low as $0.03. Fortune Minerals shares last traded at $0.03, with a volume of 74,195 shares changing hands.

Fortune Minerals Trading Down 5.4 %

The company’s 50-day simple moving average is $0.03 and its two-hundred day simple moving average is $0.04.

About Fortune Minerals

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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.

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