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

Shares of 49 North Resources Inc. (CVE:FNR) traded up 50% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 162,300 shares traded hands during trading, an increase of 173% from the average session volume of 59,548 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Down 16.7%

The company has a debt-to-equity ratio of 70.34, a quick ratio of 1.26 and a current ratio of 0.79. The firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The firm has a market capitalization of C$4.16 million, a price-to-earnings ratio of -1.25 and a beta of -0.03.

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.