49 North Resources Inc. (CVE:FNR – Get Free Report)’s share price was up 50% during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 152,017 shares changed hands during trading, an increase of 170% from the average daily 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 market cap of C$4.99 million, a PE ratio of -1.25 and a beta of -0.37. 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 stock’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.
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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