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flag 49 North Resources stock surged 50% to C$0.05 on heavy volume, with no stated reason.

flag 49 North Resources (CVE:FNR) shares jumped 50% on Tuesday, reaching C$0.05 and closing at that level, up from C$0.03, with trading volume soaring to 748,100 shares—460% to 606% above average. flag The Saskatoon-based venture capital firm, founded in 2005, focuses on early-stage resource investments, particularly in Saskatchewan’s mineral and oil and gas sectors. flag The stock has a market cap of C$7.48 million, a negative P/E ratio of -1.25, and a debt-to-equity ratio of 70.34. flag Its 50-day and 200-day moving averages are both C$0.02, and it has a beta of -0.37, indicating low volatility. flag No specific reason for the price surge was provided.

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