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

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.

Shares of Forsys Metals Corp. (TSE:FSY - Get Free Report) traded up 3.6% during mid-day trading on Tuesday . The company 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 Stock Performance

The company has a market cap of C$117.98 million, a price-to-earnings ratio of -56.00 and a beta of -0.41. The business has a 50-day simple moving average of C$0.54 and a 200-day simple moving average of C$0.55.

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.