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

Key Points

• Forsys Metals Corp. shares fell by 16.7% during mid-day trading, closing at C$0.55 after reaching a low of C$0.53.
• The company's stock volume surged by 728%, with nearly 1.92 million shares exchanged compared to the average of 231,478 shares.
• Forsys Metals focuses on the exploration and development of uranium and gold mineral properties, particularly the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - ) shares traded down 16.7% during mid-day trading 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 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 Price Performance

The stock's fifty day moving average is C$0.55 and its 200-day moving average is C$0.56. The stock has a market cap of C$115.87 million, a PE ratio of -55.00 and a beta of -0.41.

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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