49 North Resources (CVE:FNR) Stock Price Up 42.9% – Here’s Why

49 North Resources Inc. (CVE:FNRGet Free Report) shares traded up 42.9% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. 195,500 shares were traded during mid-day trading, an increase of 22% from the average session volume of 160,632 shares. The stock had previously closed at C$0.04.

49 North Resources Stock Performance

The company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a debt-to-equity ratio of 70.34, a quick ratio of 1.26 and a current ratio of 0.79. The firm has a market capitalization of C$6.65 million, a PE ratio of -1.25 and a beta of -0.37.

49 North Resources Company Profile

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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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