Northern Star Resources (OTCMKTS:NESRF) Stock Falls 15.3% – Time to Sell?

Northern Star Resources Limited (OTCMKTS:NESRF)’s stock price dropped 15.3% on Friday. The company traded as low as $13.30 and last traded at $13.30. Approximately 182 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 24,266 shares. The stock had previously closed at $15.71.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Northern Star Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Northern Star Resources Trading Up 0.1%

The stock’s 50-day simple moving average is $15.72 and its two-hundred day simple moving average is $15.18.

Northern Star Resources Company Profile

Northern Star Resources Ltd. is an Australian gold mining company engaged in the exploration, development and production of gold. The company operates a portfolio of mines and processing facilities in Australia and North America, producing gold doré and concentrate for sale to refiners and other customers.

Its principal Australian assets include the Kalgoorlie Consolidated Gold Mines (KCGM) operation in Western Australia and the Yandal and Kalgoorlie regions. In North America, Northern Star operates the Pogo underground gold mine in Alaska and the Brucejack underground mine in British Columbia, Canada.