Nevada Copper Corp (TSE:NCU)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.32 and traded as low as $0.20. Nevada Copper shares last traded at $0.20, with a volume of 135,600 shares traded.
Separately, National Bank Financial decreased their price target on shares of Nevada Copper from C$0.50 to C$0.45 and set an “outperform” rating on the stock in a research note on Thursday, September 12th.
The company has a debt-to-equity ratio of 36.02, a current ratio of 1.74 and a quick ratio of 1.09. The business’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.32. The company has a market capitalization of $148.58 million and a PE ratio of -25.00.
Nevada Copper Corp., a development stage mining company, engages in the identification, acquisition, exploration, and development of copper and other mineral properties in Nevada. It explores for copper, gold, silver, and iron ores. The company holds 100% interest in the Pumpkin Hollow copper property that consists of a contiguous 27 square mile land package comprising private lands, patented, and unpatented mineral claims located in north-western Nevada.
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