Forsys Metals (TSE:FSY) Stock Price Down 16.7% - Here's What Happened

Key Points

• Forsys Metals Corp.'s stock price dropped by 16.7% to C$0.55, following a peak at C$0.66.
• The trading volume increased significantly to approximately 1,917,125 shares, a 728% rise compared to its average daily volume.
• The company, with a market capitalization of C$115.87 million, focuses on exploring and developing uranium and gold properties, particularly the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s stock price dropped 16.7% during trading on Tuesday . The company traded as low as C$0.53 and last traded at C$0.55. Approximately 1,917,125 shares were traded 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 Performance

The stock has a market capitalization of C$115.87 million, a price-to-earnings ratio of -55.00 and a beta of -0.41. The company has a fifty day simple moving average of C$0.55 and a 200 day simple moving average of 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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