Northern Shield Resources Inc. (CVE:NRN – Get Free Report)’s share price rose 25% during mid-day trading on Monday. The company traded as high as C$0.05 and last traded at C$0.05. 175,850 shares were traded during trading, an increase of 13% from the average session volume of 156,065 shares. The stock had previously closed at C$0.04.
Northern Shield Resources Price Performance
The company has a market cap of C$6.90 million, a price-to-earnings ratio of -4.50 and a beta of 0.11. The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05.
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.
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