49 North Resources (CVE:FNR) Trading 50% Higher – Here’s Why

49 North Resources Inc. (CVE:FNR – Get Free Report) shares traded up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 162,300 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 59,548 shares. The stock had previously closed at C$0.02.

49 North Resources Price Performance

The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. 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 has a market cap of C$4.99 million, a PE ratio of -1.50 and a beta of -0.03.

49 North Resources Company Profile

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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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