Forsys Metals (TSE:FSY) Trading Down 11.8% - Here's What Happened

Key Points

• Forsys Metals Corp. (TSE:FSY) experienced a significant decline of 11.8% in its stock price, dropping to C$0.45 after trading on Tuesday.
• The company's market capitalization stands at C$90.14 million with a notable P/E ratio of -19.97.
• Forsys Metals is focused on exploring and developing uranium and gold mineral properties, primarily aiming to bring its Norasa Uranium Project into production.

Forsys Metals Corp. (TSE:FSY - Get Free Report) was down 11.8% during mid-day trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.45. Approximately 356,191 shares traded hands during trading, an increase of 56% from the average daily volume of 228,987 shares. The stock had previously closed at C$0.51.

Forsys Metals Stock Performance

The business has a 50 day simple moving average of C$0.57 and a 200-day simple moving average of C$0.54. The stock has a market capitalization of C$106.17 million, a P/E ratio of -23.52 and a beta of 0.86.

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.