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Forsys Metals (TSE:FSY) Shares Up 16% - Still a Buy?

Forsys Metals logo with Basic Materials background
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Forsys Metals Corp. (TSE:FSY - Get Free Report)'s stock price was up 16% during mid-day trading on Thursday . The company traded as high as C$0.58 and last traded at C$0.58. Approximately 176,753 shares were traded 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 Price Performance

The company has a market cap of C$126.20 million, a PE ratio of -27.96 and a beta of 0.86. The company's 50 day simple moving average is C$0.51 and its two-hundred day simple moving average is C$0.60.

About Forsys Metals

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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.

Further Reading

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