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Shares of 49 North Resources surged 50% to C$0.03 on Wednesday with no clear explanation.
Shares of 49 North Resources (CVE:FNR) jumped 50% on Wednesday, closing at C$0.03 after rising to a high of C$0.03, up from C$0.02 the previous day.
Trading volume surged to about 152,017 shares, a significant increase over its average daily volume.
The company, based in Saskatoon and founded in 2005, is a venture capital firm focused on early-stage resource investments, particularly in Saskatchewan’s mineral and oil and gas sectors.
Its market capitalization stands at C$4.99 million, with no clear reason provided for the stock’s sharp rise.
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Las acciones de 49 North Resources subieron 50% a C$0.03 el miércoles sin una explicación clara.