Forsys Metals (TSE:FSY) Stock Price Down 16.7% - Should You Sell?

Key Points

• Forsys Metals Corp. shares dropped 16.7% to C$0.55, with a trading volume significantly increased by 728% from the average.
• The company's current market capitalization stands at C$115.87 million, and it has a notable P/E ratio of -55.00.
• Forsys Metals is focused on the acquisition, exploration, and development of uranium and gold mineral properties, particularly the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - ) shares traded down 16.7% on Monday . The company traded as low as C$0.53 and last traded at C$0.55. 1,917,125 shares changed hands during 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 Trading Down 16.7%

The business's 50 day moving average price is C$0.55 and its two-hundred day moving average price is C$0.56. The stock has a market cap of C$115.87 million, a P/E ratio of -55.00 and a beta of -0.41.

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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