Shares of Nevada Copper Corp (TSE:NCU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.30 and traded as low as $0.28. Nevada Copper shares last traded at $0.28, with a volume of 66,308 shares trading hands.
Separately, National Bank Financial lowered their price objective on Nevada Copper from C$0.45 to C$0.40 in a research report on Monday, November 18th.
The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 40.71. The company has a 50-day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.30. The stock has a market cap of $213.34 million and a P/E ratio of -47.50.
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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