Forsys Metals (TSE:FSY) Shares Up 4.2% – Still a Buy?

Forsys Metals Corp. (TSE:FSYGet Free Report) shot up 4.2% during mid-day trading on Wednesday . The stock traded as high as C$0.38 and last traded at C$0.37. 266,977 shares were traded during trading, a decline of 47% from the average session volume of 504,122 shares. The stock had previously closed at C$0.36.

Forsys Metals Stock Performance

The company has a market cap of C$90.55 million, a PE ratio of -37.00 and a beta of -1.25. The firm’s 50 day moving average is C$0.37 and its 200-day moving average is C$0.37.

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

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

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