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

Shares of 49 North Resources Inc. (CVE:FNRGet Free Report) rose 50% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 182,300 shares traded hands during mid-day trading, an increase of 205% from the average daily volume of 59,789 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Up 50.0%

The business has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a market capitalization of C$4.99 million, a PE ratio of -1.50 and a beta of -0.03. The company has a debt-to-equity ratio of 70.34, a current ratio of 0.79 and a quick ratio of 1.26.

About 49 North Resources

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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.

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