49 North Resources (CVE:FNR) Trading Up 50% – Should You Buy?

by · The Cerbat Gem

Shares of 49 North Resources Inc. (CVE:FNR – Get Free Report) were up 50% on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 182,300 shares traded hands during trading, an increase of 205% from the average daily volume of 59,789 shares. The stock had previously closed at C$0.02.

49 North Resources Trading Down 16.7%

The stock has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a market capitalization of C$4.16 million, a P/E ratio of -1.25 and a beta of -0.03. The company has a current ratio of 0.79, a quick ratio of 1.26 and a debt-to-equity ratio of 70.34.

49 North Resources Company Profile

(Get Free Report)

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.

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