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Forsys Metals (TSE:FSY) Stock Price Up 1.5% - Still a Buy?

Forsys Metals logo with Basic Materials background

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

Forsys Metals Price Performance

The firm's 50 day simple moving average is C$0.64 and its two-hundred day simple moving average is C$0.73. The stock has a market capitalization of C$130.76 million, a P/E ratio of -16.50 and a beta of 0.86.

Insider Activity

In other Forsys Metals news, Senior Officer Jorge Estepa sold 35,000 shares of the business's stock in a transaction 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. Insiders own 33.32% of the company's stock.

Forsys Metals Company Profile

(Get Free Report)

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.

Further Reading

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