Northern Shield Resources Inc. (CVE:NRN – Get Free Report) was up 20% on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 114,520 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 59,073 shares. The stock had previously closed at C$0.05.
Northern Shield Resources Stock Down 8.3 %
The firm has a market capitalization of C$4.58 million, a price-to-earnings ratio of -5.50 and a beta of 1.37. The stock has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.44 and a quick ratio of 0.14.
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.
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