Forsys Metals (TSE:FSY) Stock Price Down 6.1% - Here's Why

Key Points

• Forsys Metals Corp. experienced a stock price decline of 6.1%, trading as low as C$0.37 before closing at C$0.39 on Tuesday.
• Trading volume spiked to 892,032 shares, which is an increase of 201% compared to the average session volume.
• The company focuses on the exploration and development of uranium and gold mineral properties, with a particular emphasis on the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s stock price traded down 6.1% during trading on Tuesday . The company traded as low as C$0.37 and last traded at C$0.39. 892,032 shares changed hands during trading, an increase of 201% from the average session volume of 296,703 shares. The stock had previously closed at C$0.41.

Forsys Metals Stock Performance

The business has a fifty day simple moving average of C$0.54 and a 200 day simple moving average of C$0.55. The stock has a market cap of C$81.11 million, a price-to-earnings ratio of -38.50 and a beta of -0.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.