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

49 North Resources Inc. (CVE:FNR)’s share price was up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 152,017 shares were traded during trading, an increase of 205% from the average daily volume of 49,838 shares. The stock had previously closed at C$0.02.

49 North Resources Stock Down 16.7%

The firm’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. 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 company has a market capitalization of C$4.16 million, a price-to-earnings ratio of -1.25 and a beta of -0.37.

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.