Northern Shield Resources (NRN) Stock Price Down 12.5%
Northern Shield Resources Inc. (CVE:NRN) shares traded down 12.5% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 2,392,500 shares changed hands during trading, an increase of 805% from the average session volume of 264,337 shares. The stock had previously closed at C$0.04.
In related news, Director Russell Montgomery Richards purchased 741,888 shares of the stock in a transaction dated Friday, September 28th. The stock was bought at an average cost of C$3.50 per share, for a total transaction of C$2,596,608.00. Insiders have bought 1,993,888 shares of company stock valued at $2,655,658 over the last quarter.
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Northern Shield Resources Inc, a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Ontario and Quebec. The company primarily explores for platinum group elements, copper, nickel, zinc, and silver. It holds 100% interests in the Huckleberry property comprising 179 claims located to the north of Schefferville; Séquoi property consisting of 107 claims; Sé2 property covering 291 claims situated to the southeast of Séquoi; and Idefix property comprising 241 claims with an area of 109 square kilometers.
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