Northern Shield Resources (CVE:NRN) Shares Up 12.5% – Here’s What Happened
by Sarita Garza · The Markets DailyNorthern Shield Resources Inc. (CVE:NRN – Get Free Report)’s share price rose 12.5% on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. 179,000 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 162,570 shares. The stock had previously closed at C$0.04.
Northern Shield Resources Stock Performance
The stock has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The company has a market cap of C$6.90 million, a P/E ratio of -4.50 and a beta of 0.11.
About Northern Shield Resources
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.