49 North Resources (CVE:FNR) Trading Up 50% – Here’s What Happened

49 North Resources Inc. (CVE:FNR)’s stock price shot up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 748,100 shares changed hands during mid-day trading, an increase of 460% from the average session volume of 133,484 shares. The stock had previously closed at C$0.03.

49 North Resources Trading Up 50.0%

The firm has a market capitalization of C$7.48 million, a P/E ratio of -1.25 and a beta of -0.37. The stock has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of 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.

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.