Forsys Metals (TSE:FSY) Stock Price Up 18.2% – Here’s What Happened

Shares of Forsys Metals Corp. (TSE:FSYGet Free Report) rose 18.2% during mid-day trading on Monday . The company traded as high as C$0.42 and last traded at C$0.39. Approximately 1,224,048 shares were traded during mid-day trading, an increase of 168% from the average daily volume of 457,305 shares. The stock had previously closed at C$0.33.

Forsys Metals Stock Performance

The stock’s fifty day moving average price is C$0.37 and its 200-day moving average price is C$0.37. The company has a market capitalization of C$118.69 million, a P/E ratio of -48.50 and a beta of -1.76.

Forsys Metals (TSE:FSYGet Free Report) last issued its earnings results on Tuesday, March 31st. The company reported C$0.00 earnings per share (EPS) for the quarter.

About Forsys Metals

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Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

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