49 North Resources (CVE:FNR) Trading Up 50% – Here’s Why
by Jessica Moore · The Cerbat Gem49 North Resources Inc. (CVE:FNR – Get Free Report) shares were up 50% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 748,100 shares traded hands during trading, an increase of 460% from the average daily volume of 133,484 shares. The stock had previously closed at C$0.03.
49 North Resources Trading Up 50.0%
The firm has a market cap of C$7.48 million, a price-to-earnings ratio of -1.25 and a beta of -0.37. The company has a quick ratio of 1.26, a current ratio of 0.79 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.