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

49 North Resources Inc. (CVE:FNRGet Free Report) was up 50% during trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 182,300 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 59,789 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Performance

The company has a market capitalization of C$4.99 million, a PE ratio of -1.50 and a beta of -0.03. The company has a current ratio of 0.79, a quick ratio of 1.26 and a debt-to-equity ratio of 70.34. The firm’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

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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