Forsys Metals (TSE:FSY) Stock Price Down 16.7% – Should You Sell?

Forsys Metals Corp. (TSE:FSYGet Free Report)’s share price was down 16.7% during trading on Tuesday . The stock traded as low as C$0.53 and last traded at C$0.55. Approximately 1,917,125 shares were traded during trading, an increase of 728% from the average daily volume of 231,478 shares. The stock had previously closed at C$0.66.

Forsys Metals Stock Down 7.0%

The firm’s 50-day moving average price is C$0.55 and its 200 day moving average price is C$0.56. The firm has a market cap of C$111.66 million, a P/E ratio of -53.00 and a beta of -0.41.

About Forsys Metals

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Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production.

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