49 North Resources Inc. (CVE:FNR – Get Free Report) shares were down 11.1% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 201,750 shares were traded during trading, an increase of 79% from the average daily volume of 112,425 shares. The stock had previously closed at C$0.05.
49 North Resources Trading Up 12.5%
The firm has a market cap of C$7.48 million, a price-to-earnings ratio of -1.25 and a beta of 0.18. 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 business has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.02.
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. 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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