Forsys Metals (TSE:FSY) Stock Price Up 9.4% – Still a Buy?

Forsys Metals Corp. (TSE:FSY)’s stock price shot up 9.4% during mid-day trading on Tuesday . The stock traded as high as C$0.36 and last traded at C$0.35. 57,832 shares traded hands during trading, a decline of 91% from the average session volume of 613,724 shares. The stock had previously closed at C$0.32.

Forsys Metals Price Performance

The business has a 50 day simple moving average of C$0.41 and a 200 day simple moving average of C$0.40. The stock has a market cap of C$93.00 million, a PE ratio of -38.00 and a beta of -1.45.

Forsys Metals (TSE:FSY) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C$0.00 earnings per share for the quarter.

About Forsys Metals

Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.