49 North Resources (CVE:FNR) Shares Up 50% – What’s Next?
by Renee Jackson · The Cerbat GemShares of 49 North Resources Inc. (CVE:FNR – Get Free Report) traded up 50% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 748,100 shares changed hands during trading, an increase of 460% from the average session volume of 133,484 shares. The stock had previously closed at C$0.03.
49 North Resources Trading Up 50.0%
The business’s 50-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$7.48 million, a PE 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.
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.