Northern Empire Resources (CVE:NM) Shares Climb 1.6% – Here’s Why

Northern Empire Resources Corp. (CVE:NM) shot up 1.6% during mid-day trading on Wednesday. The stock traded as high as C$1.28 and last traded at C$1.25. Approximately 66,707 shares changed hands during trading, a decline of 70% from the average daily volume of 220,469 shares. The stock had previously closed at C$1.23.

Northern Empire Resources Stock Up 1.6%

The stock has a market cap of C$83.82 million and a P/E ratio of -4.77. The firm’s fifty day moving average price is C$1.25 and its 200-day moving average price is C$1.25.

About Northern Empire Resources

Northern Empire Resources Corp. engages in the acquisition, exploration, and development of gold deposits in the United States. The company holds a 100% interest in the Sterling gold project located in Nye County, Nevada; the Richardson property covering an approximately 11,300 hectares located to the southeast of Fairbanks, Alaska; and the Hilltop gold property covering an approximately 12,600 hectares located to the southeast of Fairbanks, Alaska. The company was formerly known as Prosperity Goldfields Corp. and changed its name to Northern Empire Resources Corp. in December 2014.