49 North Resources (CVE:FNR) Stock Price Down 11.1% – What’s Next?

Shares of 49 North Resources Inc. (CVE:FNR) fell 11.1% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 12,556 shares were traded during trading, a decline of 90% from the average session volume of 121,391 shares. The stock had previously closed at C$0.05.

49 North Resources Trading Down 11.1%

The stock has a market cap of C$6.65 million, a price-to-earnings ratio of -1.25 and a beta of -0.37. The business’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is 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.

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.