Forsys Metals (TSE:FSY) Trading Down 16.7% - Here's What Happened

Key Points

• Forsys Metals Corp. experienced a significant share price decline of 16.7%, trading as low as C$0.53 before closing at C$0.55 on Tuesday.
• The stock saw an increase in trading volume, with approximately 1.9 million shares exchanged, marking a 728% increase from its average daily volume.
• The company, with a market cap of C$115.87 million, focuses on the exploration and development of uranium and gold mineral properties, particularly the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s share price was down 16.7% during trading on Tuesday . The company traded as low as C$0.53 and last traded at C$0.55. Approximately 1,917,125 shares changed hands during mid-day trading, an increase of 728% from the average daily volume of 231,478 shares. The stock had previously closed at C$0.66.

Forsys Metals Price Performance

The stock has a market cap of C$115.87 million, a price-to-earnings ratio of -55.00 and a beta of -0.41. The company's fifty day moving average price is C$0.55 and its 200-day moving average price is C$0.56.

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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