49 North Resources (CVE:FNR) Hits New 12-Month Low – Here’s Why

49 North Resources Inc. (CVE:FNRGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 8000 shares changing hands. The stock had previously closed at C$0.02.

49 North Resources Trading Down 25.0 %

The business’s 50 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 68.69, a current ratio of 0.92 and a quick ratio of 1.26. The stock has a market capitalization of C$2.49 million, a P/E ratio of -2.50 and a beta of 0.73.

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.

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