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

49 North Resources Inc. (CVE:FNRGet Free Report) rose 50% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 748,100 shares changed hands during trading, an increase of 606% from the average daily volume of 105,929 shares. The stock had previously closed at C$0.03.

49 North Resources Stock Performance

The business has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. 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 firm has a market cap of C$7.48 million, a PE ratio of -1.25 and a beta of -0.37.

About 49 North Resources

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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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