49 North Resources (CVE:FNR) Shares Down 12.5% – Here’s What Happened

49 North Resources Inc. (CVE:FNRGet Free Report)’s share price dropped 12.5% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 122,000 shares were traded during trading, an increase of 12% from the average daily volume of 108,719 shares. The stock had previously closed at C$0.04.

49 North Resources Stock Performance

The firm has a market cap of C$7.48 million, a price-to-earnings ratio of -1.25 and a beta of -0.10. The firm’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.03. The company has a debt-to-equity ratio of 69.40, a quick ratio of 1.26 and a current ratio of 0.71.

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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