Forsys Metals (TSE:FSY) Trading Up 16% – Should You Buy?

Shares of Forsys Metals Corp. (TSE:FSYGet Free Report) were up 16% during trading on Thursday . The company traded as high as C$0.58 and last traded at C$0.58. Approximately 176,753 shares traded hands during trading, an increase of 40% from the average daily volume of 126,464 shares. The stock had previously closed at C$0.50.

Forsys Metals Stock Performance

The firm has a market capitalization of C$122.19 million, a price-to-earnings ratio of -27.07 and a beta of 0.86. The business has a fifty day moving average price of C$0.51 and a 200 day moving average price of C$0.60.

About Forsys Metals

(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.

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