Forsys Metals Corp. (TSE:FSY – Get Free Report)’s share price dropped 2.8% during trading on Tuesday . The company traded as low as C$0.66 and last traded at C$0.69. Approximately 43,717 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 196,118 shares. The stock had previously closed at C$0.71.
Forsys Metals Stock Down 2.8 %
The stock has a market cap of C$134.67 million, a P/E ratio of -17.25 and a beta of 0.86. The firm’s 50 day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.70.
Insider Activity
In related news, Senior Officer Jorge Estepa sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$0.76, for a total value of C$26,600.00. Company insiders own 33.32% of the company’s stock.
About Forsys Metals
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.
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