49 North Resources (CVE:FNR) Hits New 52-Week High – Still a Buy?

49 North Resources Inc. (CVE:FNR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 30000 shares trading hands. The stock had previously closed at C$0.02.

49 North Resources Trading Up 50.0%

The business’s fifty day moving average price is C$0.02 and its 200 day moving average price is 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 firm has a market capitalization of C$4.99 million, a PE ratio of -1.25 and a beta of -0.37.

49 North Resources Company Profile

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.