Forsys Metals (TSE:FSY) Shares Down 9% – Should You Sell?

Forsys Metals Corp. (TSE:FSYGet Free Report) traded down 9% during trading on Tuesday . The stock traded as low as C$0.60 and last traded at C$0.61. 93,716 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 186,446 shares. The stock had previously closed at C$0.67.

Forsys Metals Price Performance

The business’s 50-day simple moving average is C$0.67 and its two-hundred day simple moving average is C$0.66. The stock has a market capitalization of C$109.30 million, a price-to-earnings ratio of -14.00 and a beta of 0.86.

Insider Activity at Forsys Metals

In other Forsys Metals news, Senior Officer Jorge Estepa sold 35,000 shares of the company’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. 33.32% of the stock is owned by insiders.

Forsys Metals Company Profile

(Get Free Report)

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.

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