49 North Resources (CVE:FNR) Reaches New 12-Month Low – Time to Sell?

49 North Resources Inc. (CVE:FNRGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 19449 shares trading hands. The stock had previously closed at C$0.02.

49 North Resources Price Performance

The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34. The business has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The stock has a market capitalization of C$2.49 million, a price-to-earnings ratio of -2.63 and a beta of 0.73.

About 49 North Resources

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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.

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