Northern Shield Resources (CVE:NRN) Shares Up 30% – Still a Buy?

by · The Cerbat Gem

Northern Shield Resources Inc. (CVE:NRN – Get Free Report) rose 30% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 241,000 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 159,357 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Trading Up 20.0%

The stock has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.07. The firm has a market cap of C$8.12 million, a price-to-earnings ratio of -6.00 and a beta of 0.05.

About Northern Shield Resources

(Get Free Report)

Northern Shield Resources Inc, a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Eastern Canada. It primarily explores for nickel, copper, gold, silver, and platinum group elements. The company holds 100% interest in the Merasheen property with 99 claims covering an area of 25 square kilometers located at the southern end of Merasheen Island in Placentia Bay, Newfoundland; 100% interests in the Huckleberry property comprising 52 claims with an area of 25 square kilometers located in north of Schefferville, Quebec; and 100% interests in the Idefix property with 40 claims covering an area of 18 square kilometers located in Labrador Trough, Québec.

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