49 North Resources (CVE:FNR) Sets New 12-Month Low – What’s Next?

49 North Resources Inc. (CVE:FNRGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 60000 shares changing hands. The stock had previously closed at C$0.02.

49 North Resources Trading Down 25.0%

The company has a market capitalization of C$2.49 million, a price-to-earnings ratio of -0.75 and a beta of 0.27. The firm has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02. 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

(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.

Further Reading

Receive News & Ratings for 49 North Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 49 North Resources and related companies with MarketBeat.com's FREE daily email newsletter.