Northern Shield Resources (CVE:NRN) Trading Down 12.5% – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Northern Shield Resources Inc. (CVE:NRN – Get Free Report) traded down 12.5% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 158,866 shares changed hands during trading, an increase of 27% from the average session volume of 124,941 shares. The stock had previously closed at C$0.08.
Northern Shield Resources Stock Performance
The firm has a market capitalization of C$9.47 million, a price-to-earnings ratio of -7.00 and a beta of 0.20. The company has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.07.
Northern Shield Resources Company Profile
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.