49 North Resources (CVE:FNR) Trading 50% Higher – Should You Buy?

49 North Resources Inc. (CVE:FNR) was up 50% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 748,100 shares traded hands during trading, an increase of 460% from the average daily volume of 133,484 shares. The stock had previously closed at C$0.03.

49 North Resources Trading Up 50.0%

The firm has a market capitalization of C$7.48 million, a PE ratio of -1.25 and a beta of -0.37. The company has a quick ratio of 1.26, a current ratio of 0.79 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.

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.