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Forsys Metals (TSE:FSY) Stock Price Down 18.2% - What's Next?

Forsys Metals logo with Basic Materials background

Key Points

  • Forsys Metals Corp. shares fell 18.2% on Monday, trading as low as C$0.53, with a significant increase in trading volume.
  • The company focuses on the exploration and development of uranium and gold mineral properties, particularly the Norasa Uranium Project.
  • Forsys Metals has a market capitalization of C$115.87 million and currently has a PE ratio of -55.00.
  • MarketBeat previews top five stocks to own in October.

Forsys Metals Corp. (TSE:FSY - Get Free Report) shares fell 18.2% during trading on Monday . The company traded as low as C$0.53 and last traded at C$0.54. 1,418,317 shares changed hands during trading, an increase of 522% from the average session volume of 227,875 shares. The stock had previously closed at C$0.66.

Forsys Metals Stock Down 16.7%

The company has a market capitalization of C$115.87 million, a PE ratio of -55.00 and a beta of -0.41. The stock has a 50-day moving average of C$0.55 and a 200 day moving average of C$0.56.

Forsys Metals Company Profile

(Get Free Report)

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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