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Fortune Minerals Ltd. (TSE:FT.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Fortune Minerals Ltd. (TSE:FT.TO) seasonal charts above shows that a Buy Date of December 22 and a Sell Date of March 13 has resulted in a geometric average return of 24.64% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 17 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 38.33% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

Fortune Minerals Ltd is a stage mining company. The primary business activity is the exploration and development of mineral properties in Canada. The firm is focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill that will produce a bulk concentrate for shipment to a refinery that the company plans to construct in Saskatchewan. The products will be used to produce cobalt chemicals at the refinery which is used to make high-performance rechargeable batteries, bismuth metals and chemicals, and gold. The firm also owns the Sue- Dianne copper-silver-gold deposit. The firm also maintains the right to repurchase the Arctos anthracite deposits in northwest British Columbia. The company generates no revenue.

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