49 North Resources (CVE:FNR) Trading Up 50% – Here’s What Happened
by Teresa Graham · The Cerbat Gem49 North Resources Inc. (CVE:FNR – Get Free Report) traded up 50% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 152,017 shares were traded during trading, an increase of 170% from the average session volume of 56,238 shares. The stock had previously closed at C$0.02.
49 North Resources Trading Up 50.0%
The firm has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The company 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.
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.