49 North Resources Inc. (CVE:FNR – Get Free Report)’s stock price rose 50% on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 748,100 shares were traded during mid-day trading, an increase of 460% from the average daily volume of 133,484 shares. The stock had previously closed at C$0.03.
49 North Resources Stock Performance
The firm’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02. 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 stock has a market cap of C$7.48 million, a P/E ratio of -1.25 and a beta of -0.37.
About 49 North Resources
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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