Shares of 49 North Resources Inc. (CVE:FNR – Get Free Report) traded down 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 364,650 shares traded hands during trading, an increase of 222% from the average daily volume of 113,258 shares. The stock had previously closed at C$0.04.
49 North Resources Stock Performance
The company has a quick ratio of 1.26, a current ratio of 3.79 and a debt-to-equity ratio of 57.70. The firm has a market capitalization of C$4.99 million, a P/E ratio of 3.00 and a beta of 1.07. The company’s 50 day moving average is C$0.02 and its 200-day moving average is 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.
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