Forsys Metals (TSE:FSY) Shares Up 5.3% - What's Next?

Key Points

• Forsys Metals shares jumped 5.3% to C$0.40 (intraday high C$0.41) on Wednesday, with 302,771 shares traded — about 58% below the average session volume of 718,137.
• The company has a market cap of C$97.9 million, a negative P/E (-40.0), a beta of -1.45 and 50-/200-day moving averages of C$0.42, and its principal focus is advancing the Norasa Uranium Project (the Valencia and Namibplaas consolidation) toward production.

Forsys Metals Corp. (TSE:FSY - ) shot up 5.3% during trading on Wednesday . The company traded as high as C$0.41 and last traded at C$0.40. 302,771 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 718,137 shares. The stock had previously closed at C$0.38.

Forsys Metals Stock Up 5.3%

The company has a market cap of C$97.89 million, a price-to-earnings ratio of -40.00 and a beta of -1.45. The firm has a 50 day moving average price of C$0.42 and a two-hundred day moving average price of C$0.42.

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. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

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