Forsys Metals Corp. (TSE:FSY – Get Free Report)’s stock price dropped 2.8% during mid-day trading on Tuesday . The stock 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 Performance
The company has a market capitalization of C$130.76 million, a P/E ratio of -17.25 and a beta of 0.86. The firm has a 50 day moving average price of C$0.68 and a two-hundred day moving average price of C$0.70.
Insider Activity
In other news, Senior Officer Jorge Estepa sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$0.76, for a total transaction of C$26,600.00. 33.32% of the stock is currently owned by corporate insiders.
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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