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

Key Points

• Forsys Metals Corp. experienced a significant stock drop of 16.7%, trading as low as C$0.53 before closing at C$0.55.
• The trading volume surged to 1,917,125 shares, reflecting a 728% increase compared to the average session volume.
• Forsys Metals focuses on the exploration and development of uranium and gold properties, with its primary project being the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s stock price fell 16.7% on Tuesday . The stock 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 Stock Performance

The company'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 price-to-earnings 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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