Forsys Metals (TSE:FSY) Shares Down 16.7% - Time to Sell?

Key Points

• Forsys Metals Corp. shares fell by 16.7% on Monday, trading as low as C$0.53 before closing at C$0.55, amid a surge in trading volume of over 728% compared to its average.
• The company has a market capitalization of C$115.87 million and is primarily focused on the acquisition and development of uranium and gold mineral properties, including the Norasa Uranium Project.
• Forsys Metals has a price-to-earnings ratio of -55.00 and a beta of -0.41, suggesting it has been less volatile than the broader market.

Forsys Metals Corp. (TSE:FSY - ) shares were down 16.7% on Monday . The company traded as low as C$0.53 and last traded at C$0.55. Approximately 1,917,125 shares traded hands during trading, an increase of 728% from the average daily volume of 231,478 shares. The stock had previously closed at C$0.66.

Forsys Metals Stock Down 16.7%

The firm has a market capitalization of C$115.87 million, a price-to-earnings ratio of -55.00 and a beta of -0.41. The stock's fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.56.

About Forsys Metals

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.

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