49 North Resources (CVE:FNR) Trading 50% Higher – What’s Next?

49 North Resources Inc. (CVE:FNR)’s share price rose 50% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 748,100 shares were traded during mid-day 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 company has a market cap of C$7.48 million, a P/E ratio of -1.25 and a beta of -0.37. The stock has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34.

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.