49 North Resources Inc. (CVE:FNR – Get Free Report) fell 14.3% on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 364,650 shares were traded during mid-day trading, an increase of 222% from the average daily volume of 113,258 shares. The stock had previously closed at C$0.04.
49 North Resources Stock Performance
The company’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03. The company has a market cap of C$4.99 million, a P/E ratio of 3.00 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 1.26 and a debt-to-equity ratio of 54.92.
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.
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