New Pacific Metals (OTCMKTS:NUPMF) Shares Up 10.4% – Should You Buy?

New Pacific Metals Corp. (OTCMKTS:NUPMFGet Free Report) shot up 10.4% during trading on Friday . The company traded as high as $5.9250 and last traded at $5.92. 1,102,153 shares traded hands during mid-day trading, an increase of 644% from the average session volume of 148,061 shares. The stock had previously closed at $5.36.

New Pacific Metals Stock Down 1.4%

The business has a 50 day moving average price of $4.72 and a 200 day moving average price of $3.66.

About New Pacific Metals

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New Pacific Metals Corp. is a Canadian mineral exploration and development company focused on advancing high-grade silver projects in Latin America. The company’s primary objective is to explore, delineate and develop polymetallic silver deposits, leveraging geological expertise to convert early-stage targets into defined mineral resources. New Pacific Metals is publicly traded on the TSX Venture Exchange and the OTCMKTS under the symbol NUPMF.

The company’s flagship asset is the Silver Sand silver project located in Bolivia’s Potosí Department, where New Pacific holds an 80% interest through a joint-venture agreement.

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