Niko Resources Ltd. (TSE:NKO) reached a new 52-week low on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.06, with a volume of 36,582 shares traded. The stock had previously closed at C$0.05.

The company has a 50 day moving average of $0.06 and a 200 day moving average of $0.07. The firm has a market capitalization of $5.17 million and a price-to-earnings ratio of 0.038.

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Niko Resources Company Profile

Niko Resources Ltd. is engaged in the exploration, development and production of oil and natural gas primarily in India and Bangladesh. The Company’s segments include India, Bangladesh, Other Exploration Areas and Corporate. The Company’s reserves are located in the D6 Block in India and Block 9 in Bangladesh.

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