49 North Resources (CVE:FNR) Stock Price Down 12.5% – What’s Next?

49 North Resources Inc. (CVE:FNR)’s share price dropped 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 122,000 shares changed hands during trading, an increase of 12% from the average daily volume of 108,719 shares. The stock had previously closed at C$0.04.

49 North Resources Price Performance

The company has a debt-to-equity ratio of 69.40, a quick ratio of 1.26 and a current ratio of 0.71. The firm has a market capitalization of C$5.82 million, a P/E ratio of -1.25 and a beta of -0.10. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.03.

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.