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

Key Points

• Forsys Metals Corp. experienced a significant decrease in share price, trading down 16.7% to C$0.55 from the previous close of C$0.66.
• The trading volume surged to 1,917,125 shares, a dramatic increase of 728% compared to its average volume of 231,478 shares.
• Forsys Metals focuses primarily on the exploration and development of uranium and gold mineral properties, with its main project being the Norasa Uranium Project.

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

Forsys Metals Trading Down 16.7%

The stock's 50-day moving average price is C$0.55 and its two-hundred day moving average price is C$0.56. The stock has a market capitalization of C$115.87 million, a P/E ratio of -55.00 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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