49 North Resources (CVE:FNR) Stock Price Up 50% – Time to Buy?

49 North Resources Inc. (CVE:FNRGet Free Report)’s stock price was up 50% during trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 113,000 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 46,435 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Performance

The firm has a market capitalization of C$4.16 million, a price-to-earnings ratio of -1.25 and a beta of -0.37. 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 debt-to-equity ratio of 70.34, a current ratio of 0.79 and a quick ratio of 1.26.

49 North Resources Company Profile

(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. 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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