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

Key Points

• Forsys Metals Corp. shares decreased by 16.7%, trading as low as C$0.53 before closing at C$0.55.
• The company's market capitalization stands at C$115.87 million, with a price-to-earnings ratio of -55.00.
• Forsys Metals focuses on developing its Norasa Uranium Project, which involves the acquisition and exploration of uranium and gold mineral properties.

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

Forsys Metals Price Performance

The stock has a market cap of C$115.87 million, a price-to-earnings ratio of -55.00 and a beta of -0.41. The firm has a 50 day simple moving average of C$0.55 and a two-hundred day simple moving average of C$0.56.

Forsys Metals Company Profile

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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