49 North Resources (CVE:FNR) Trading 50% Higher – Should You Buy?

by · The Cerbat Gem

49 North Resources Inc. (CVE:FNR – Get Free Report) rose 50% during trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 162,300 shares changed hands during trading, an increase of 173% from the average daily volume of 59,548 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Performance

The business’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The stock has a market capitalization of C$4.16 million, a PE ratio of -1.25 and a beta of -0.03. The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34.

About 49 North Resources

(Get Free Report)

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.

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