Forsys Metals (TSE:FSY) Shares Up 18.2% – Here’s What Happened

Forsys Metals Corp. (TSE:FSYGet Free Report) shares shot up 18.2% during trading on Monday . The company traded as high as C$0.42 and last traded at C$0.39. 1,224,048 shares traded hands during mid-day trading, an increase of 168% from the average session volume of 457,305 shares. The stock had previously closed at C$0.33.

Forsys Metals Stock Up 24.2%

The stock has a market cap of C$100.34 million, a PE ratio of -41.00 and a beta of -1.76. The business has a 50 day moving average price of C$0.36 and a 200 day moving average price of C$0.37.

Forsys Metals (TSE:FSYGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported C$0.00 earnings per share (EPS) for the quarter.

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. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

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