49 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 mid-day trading, an increase of 205% from the average session volume of 49,838 shares. The stock had previously closed at C$0.02.
49 North Resources Trading Up 50.0%
The firm has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The company has a market cap of C$4.99 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.
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.
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