Forsys Metals (TSE:FSY) Shares Down 1.2% – Here’s Why

Forsys Metals Corp. (TSE:FSY) fell 1.2% during trading on Tuesday . The company traded as low as C$0.39 and last traded at C$0.40. 939,412 shares changed hands during trading, an increase of 4% from the average session volume of 899,000 shares. The stock had previously closed at C$0.41.

Forsys Metals Stock Performance

The stock has a market cap of C$97.89 million, a P/E ratio of -40.00 and a beta of -0.66. The company has a 50-day simple moving average of C$0.38 and a 200-day simple moving average of C$0.43.

About Forsys Metals

Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.