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

Key Points

• Forsys Metals Corp. shares fell 16.7% on Tuesday, trading as low as C$0.53 before closing at C$0.55, with a significant increase in trading volume.
• The company's market capitalization is C$115.87 million, with a P/E ratio of -55.00 and a focus on uranium and gold mineral properties, particularly the Norasa Uranium Project.
• Forsys Metals' fifty-day moving average is C$0.55, indicating that the stock is performing closely to its recent price levels.

Forsys Metals Corp. (TSE:FSY - ) shares dropped 16.7% on Tuesday . The company traded as low as C$0.53 and last traded at C$0.55. Approximately 1,917,125 shares changed hands 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 business's fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.56. The company 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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