Forsys Metals (TSE:FSY) Stock Price Down 16.7% - Time to Sell?

Key Points

• Forsys Metals Corp. experienced a significant decline in stock price, down 16.7% during mid-day trading, closing at C$0.55 after hitting a low of C$0.53.
• The trading volume surged to approximately 1.9 million shares, an increase of 728% from the average daily volume of 231,478 shares.
• The company's principal focus is on bringing its wholly-owned Norasa Uranium Project into production, as part of its operations in uranium and gold mineral properties.

Forsys Metals Corp. (TSE:FSY - ) traded down 16.7% on Monday . The stock traded as low as C$0.53 and last traded at C$0.55. 1,917,125 shares traded hands during mid-day 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 stock has a market capitalization of C$115.87 million, a P/E ratio of -55.00 and a beta of -0.41. The business has a 50-day moving average price of C$0.55 and a two-hundred day moving average price of C$0.56.

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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