Forsys Metals (TSE:FSY) Stock Price Down 11.8% - Should You Sell?

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 - ) fell 11.8% during trading on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.45. 356,191 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 228,987 shares. The stock had previously closed at C$0.51.

Forsys Metals Stock Down 11.8%

The firm has a 50 day moving average price of C$0.58 and a 200 day moving average price of C$0.54. The stock has a market cap of C$90.14 million, a P/E ratio of -19.97 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.

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