Forsys Metals (TSE:FSY) Trading Down 16.7% - Should You Sell?

Key Points

• Forsys Metals Corp. experienced a significant stock decline of 16.7%, trading at C$0.55 after previously closing at C$0.66.
• Trading volume surged to 1,917,125 shares, a 728% increase from the average session volume of 231,478 shares.
• The company focuses on exploring and developing uranium and gold mineral properties, with a principal aim of advancing the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s stock price traded down 16.7% during trading on Tuesday . The stock traded as low as C$0.53 and last traded at C$0.55. 1,917,125 shares were traded during mid-day 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 Price Performance

The company has a market capitalization of C$115.87 million, a PE ratio of -55.00 and a beta of -0.41. The firm has a 50-day simple moving average of C$0.55 and a 200 day simple moving average of 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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