49 North Resources (CVE:FNR) Shares Up 50% – What’s Next?

49 North Resources Inc. (CVE:FNR)’s stock price traded up 50% during trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 152,017 shares changed hands during mid-day trading, an increase of 205% from the average session volume of 49,838 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Up 50.0%

The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The company has a current ratio of 0.79, a quick ratio of 1.26 and a debt-to-equity ratio of 70.34. The company has a market cap of C$4.99 million, a P/E 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.