Insider Selling: 49 North Resources Inc. (CVE:FNR) Director Sells 2,000,000 Shares of Stock

49 North Resources Inc. (CVE:FNR) Director Tom Macneill sold 2,000,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of C$0.02, for a total value of C$40,000.00.

49 North Resources Stock Down 25.0 %

Shares of CVE FNR traded down C$0.01 during midday trading on Wednesday, hitting C$0.02. The stock had a trading volume of 7,000 shares, compared to its average volume of 67,924. The company has a market cap of C$2.49 million, a P/E ratio of -2.63 and a beta of 0.73. The company has a quick ratio of 1.26, a current ratio of 0.79 and a debt-to-equity ratio of 70.34. The business’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.02. 49 North Resources Inc. has a 52 week low of C$0.02 and a 52 week high of C$0.04.

About 49 North Resources

49 North Resources Inc is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe.