49 North Resources (CVE:FNR) Hits New 12-Month High – Still a Buy?

49 North Resources Inc. (CVE:FNR) hit a new 52-week high during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05, with a volume of 263017 shares trading hands. The stock had previously closed at C$0.04.

49 North Resources Price Performance

The stock has a market capitalization of C$7.48 million, a P/E ratio of -1.25 and a beta of 0.18. The company has a debt-to-equity ratio of 70.34, a current ratio of 0.79 and a quick ratio of 1.26. The company’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02.

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.