49 North Resources (CVE:FNR) Trading 50% Higher – Still a Buy?

49 North Resources Inc. (CVE:FNR)’s share price rose 50% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 500,100 shares changed hands during trading, an increase of 375% from the average daily volume of 105,373 shares. The stock had previously closed at C$0.03.

49 North Resources Stock Up 50.0%

The company has a current ratio of 0.79, a quick ratio of 1.26 and a debt-to-equity ratio of 70.34. The company has a market capitalization of C$7.48 million, a PE ratio of -1.25 and a beta of -0.37. The business’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

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.