Forsys Metals (TSE:FSY) Stock Price Up 3.6% - Here's Why

Key Points

• Forsys Metals Corp. saw its stock price increase by 3.6%, reaching a high of C$0.60 before closing at C$0.58.
• The trading volume was significantly lower, with 62,401 shares changing hands, a decline of 72% from the average.
• Forsys Metals primarily focuses on exploring and developing uranium and gold mineral properties, with a key project being the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s stock price shot up 3.6% during trading on Tuesday . The stock traded as high as C$0.60 and last traded at C$0.58. 62,401 shares were traded during mid-day trading, a decline of 72% from the average session volume of 220,493 shares. The stock had previously closed at C$0.56.

Forsys Metals Price Performance

The business's 50-day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.55. The stock has a market cap of C$122.19 million, a price-to-earnings ratio of -58.00 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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