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Forsys Metals (TSE:FSY) Trading Down 16.7% - Time to Sell?

Forsys Metals logo with Basic Materials background

Key Points

  • Forsys Metals Corp. (TSE:FSY) experienced a significant decline, trading down 16.7% during mid-day trading, with its stock price dropping to C$0.55.
  • Trading volume surged with 1,917,125 shares exchanged, marking a 728% increase from the average session volume.
  • The company, focusing on uranium and gold mineral properties, aims to bring its Norasa Uranium Project into production.
  • Five stocks we like better than Forsys Metals.

Forsys Metals Corp. (TSE:FSY - Get Free Report) traded down 16.7% during mid-day trading on Monday . 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 Stock Performance

The company has a market capitalization of C$115.87 million, a price-to-earnings ratio of -55.00 and a beta of -0.41. The firm's 50-day simple moving average is C$0.55 and its 200-day simple moving average is C$0.56.

Forsys Metals Company Profile

(Get Free Report)

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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