49 North Resources Inc. (CVE:FNR – Get Free Report)’s share price shot up 50% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 748,100 shares changed hands during trading, an increase of 460% from the average session volume of 133,484 shares. The stock had previously closed at C$0.03.
49 North Resources Price Performance
The stock has a market cap of C$7.48 million, a price-to-earnings ratio of -1.25 and a beta of -0.37. The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34. The company’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02.
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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