49 North Resources (CVE:FNR) Trading Down 11.1% – What’s Next?

49 North Resources Inc. (CVE:FNR)’s stock price fell 11.1% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 201,750 shares were traded during trading, an increase of 79% from the average session volume of 112,425 shares. The stock had previously closed at C$0.05.

49 North Resources Stock Down 11.1%

The business’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.02. The firm has a market capitalization of C$6.65 million, a price-to-earnings ratio of -1.25 and a beta of 0.18. The company has a debt-to-equity ratio of 70.34, a quick ratio of 1.26 and a current ratio of 0.79.

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.