Forsys Metals (TSE:FSY) Trading Up 9.4% – Still a Buy?

Shares of Forsys Metals Corp. (TSE:FSY) traded 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 changed hands 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 Price Performance

The firm has a market capitalization of C$90.55 million, a P/E ratio of -37.00 and a beta of -1.45. The company’s 50-day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.40.

Forsys Metals (TSE:FSY) last announced its quarterly earnings data on Tuesday, March 31st. The company reported C$0.00 earnings per share (EPS) for the quarter.

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