Forsys Metals (TSE:FSY) Trading Up 9.4% - Here's What Happened

Key Points

• Forsys Metals shares jumped 9.4% mid-day to C$0.36 (last C$0.35) on Tuesday, while trading volume was just 57,832 shares—about 91% below the average session volume.
• The company has a market cap of C$93 million, a negative P/E of -38, and 50- and 200-day simple moving averages near C$0.41 and C$0.40, respectively.
• Forsys is focused on exploring and developing uranium and gold, with its primary asset the consolidated Norasa Uranium Project (Valencia and Namibplaas) aimed at entering production.

Forsys Metals Corp. (TSE:FSY - Get Free Report)'s share price shot up 9.4% during mid-day trading on Tuesday . The stock traded as high as C$0.36 and last traded at C$0.35. 57,832 shares were traded during mid-day trading, a decline of 91% from the average session volume of 613,724 shares. The stock had previously closed at C$0.32.

Forsys Metals Stock Performance

The company has a market cap of C$93.00 million, a PE ratio of -38.00 and a beta of -1.45. The company has a 50 day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.40.

Forsys Metals (TSE:FSY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C$0.00 EPS for the quarter.

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. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.

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