49 North Resources (CVE:FNR) Shares Up 25% – What’s Next?

49 North Resources Inc. (CVE:FNRGet Free Report) shares shot up 25% during trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 120,017 shares were traded during trading, an increase of 141% from the average session volume of 49,838 shares. The stock had previously closed at C$0.02.

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 firm’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The stock has a market capitalization of C$4.99 million, a price-to-earnings ratio of -1.25 and a beta of -0.37.

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. 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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