49 North Resources (CVE:FNR) Stock Price Up 25% – Here’s Why
by Scott Moore · The Cerbat Gem49 North Resources Inc. (CVE:FNR – Get Free Report)’s share price traded up 25% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 120,017 shares traded hands during mid-day trading, an increase of 141% from the average session volume of 49,838 shares. The stock had previously closed at C$0.02.
49 North Resources Stock Up 50.0%
The stock has a market cap of C$4.99 million, a PE ratio of -1.25 and a beta of -0.37. The company has a current ratio of 0.79, a quick ratio of 1.26 and a debt-to-equity ratio of 70.34. The business has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02.
About 49 North Resources
49 North Resources Inc is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskatchewan. The firm also seeks to co-invest. 49 North Resources Inc was founded in 2005 and is based in Saskatoon, Canada.