Forsys Metals (TSE:FSY) Shares Up 1.5% – Here’s Why

Forsys Metals Corp. (TSE:FSY) shares shot up 1.5% during mid-day trading on Wednesday . The company traded as high as C$0.67 and last traded at C$0.67. 21,227 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 206,149 shares. The stock had previously closed at C$0.66.

Forsys Metals Price Performance

The company has a market capitalization of C$130.76 million, a P/E ratio of -16.50 and a beta of 0.86. The firm’s 50-day moving average is C$0.64 and its 200-day moving average is C$0.73.

Insider Transactions at Forsys Metals

In other Forsys Metals news, Senior Officer Jorge Estepa sold 35,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$0.76, for a total transaction of C$26,600.00. Corporate insiders own 33.32% of the company’s stock.

Forsys Metals Company Profile

Forsys Metals Corp. together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Africa. Its flagship project is the Norasa uranium project, which includes the Valencia and Namibplaas uranium projects located in the Republic of Namibia. The company was formerly known as Forsys Technologies Inc and changed its name to Forsys Metals Corp.