49 North Resources (CVE:FNR) Hits New 1-Year High – Here’s What Happened
by Sarita Garza · The Markets Daily49 North Resources Inc. (CVE:FNR – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 8000 shares changing hands. The stock had previously closed at C$0.03.
49 North Resources Stock Down 16.7%
The company has a debt-to-equity ratio of 70.34, a current ratio of 0.79 and a quick ratio of 1.26. The company has a market capitalization of C$4.16 million, a PE ratio of -1.25 and a beta of -0.37. The business’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.
49 North Resources Company Profile
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.