Shares of 49 North Resources Inc. (CVE:FNR – Get Free Report) shot up 16.7% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 162,700 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 111,466 shares. The stock had previously closed at C$0.03.
49 North Resources Trading Up 16.7%
The stock has a market capitalization of C$5.82 million, a PE ratio of 3.50 and a beta of 1.07. The firm has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.03. The company has a current ratio of 0.89, a quick ratio of 1.26 and a debt-to-equity ratio of 54.92.
49 North Resources Company Profile
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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