Alex PEng - Fortune Minerals Chief Metallurgist

FT Stock  CAD 0.09  0.01  5.56%   

Executive

Alex PEng is Chief Metallurgist of Fortune Minerals Limited
Phone519 858 8188
Webhttps://www.fortuneminerals.com

Fortune Minerals Management Efficiency

The company has return on total asset (ROA) of (0.3714) % which means that it has lost $0.3714 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1854) %, meaning that it generated substantial loss on money invested by shareholders. Fortune Minerals' management efficiency ratios could be used to measure how well Fortune Minerals manages its routine affairs as well as how well it operates its assets and liabilities.
Fortune Minerals Limited has accumulated 12.73 M in total debt with debt to equity ratio (D/E) of 11.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortune Minerals has a current ratio of 6.38, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Fortune Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Minerals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortune Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortune to invest in growth at high rates of return. When we think about Fortune Minerals' use of debt, we should always consider it together with cash and equity.

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Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. Fortune Minerals Limited was founded in 1988 and is headquartered in London, Canada. FORTUNE MNRL operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 6 people. Fortune Minerals Limited (FT) is traded on Toronto Exchange in Canada and employs 4 people. Fortune Minerals is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Fortune Minerals Leadership Team

Elected by the shareholders, the Fortune Minerals' board of directors comprises two types of representatives: Fortune Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Minerals' management team and ensure that shareholders' interests are well served. Fortune Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
LLB BA, Corporate Secretary
BA LLB, Co Sec
Alex PEng, Chief Metallurgist
CPIR CIM, Investor Manager

Fortune Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortune Minerals a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Other Information on Investing in Fortune Stock

Fortune Minerals financial ratios help investors to determine whether Fortune Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortune with respect to the benefits of owning Fortune Minerals security.