Forsys Metals (TSE:FSY) Trading Down 6.9% - Time to Sell?

Key Points

• Forsys Metals Corp. experienced a significant share price decline of 6.9%, trading as low as C$0.54 during Monday's session.
• The company's average session trading volume decreased by 32% from its usual level, with 160,534 shares changing hands.
• Forsys Metals focuses on the exploration and development of uranium and gold mineral properties, with a key project being the Norasa Uranium Project.

Forsys Metals Corp. (TSE:FSY - )'s share price fell 6.9% on Monday . The company traded as low as C$0.54 and last traded at C$0.54. 160,534 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 235,651 shares. The stock had previously closed at C$0.58.

Forsys Metals Stock Performance

The firm's 50-day moving average is C$0.59 and its two-hundred day moving average is C$0.55. The stock has a market cap of C$108.17 million, a P/E ratio of -23.96 and a beta of 0.86.

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.

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