49 North Resources (CVE:FNR) Shares Up 25% – Here’s Why

49 North Resources Inc. (CVE:FNR)’s stock price traded up 25% on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03. 120,017 shares traded hands during trading, an increase of 141% from the average session volume of 49,838 shares. The stock had previously closed at C$0.02.

49 North Resources Price Performance

The firm’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The firm has a market capitalization of C$4.16 million, a PE ratio of -1.25 and a beta of -0.37. The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34.

About 49 North Resources

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.