Northern Star Resources Limited (OTCMKTS:NESRF – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 482,185 shares, a decline of 58.2% from the June 15th total of 1,154,309 shares. Based on an average daily trading volume, of 60,256 shares, the days-to-cover ratio is currently 8.0 days. Currently, 0.0% of the company’s shares are short sold.
Northern Star Resources Price Performance
NESRF stock traded down $0.23 during midday trading on Tuesday, hitting $13.95. The stock had a trading volume of 12,382 shares, compared to its average volume of 29,607. The business has a 50-day moving average of $14.38 and a two-hundred day moving average of $16.47. The firm has a market cap of $19.95 billion and a price-to-earnings ratio of 288.40. Northern Star Resources has a 52-week low of $9.80 and a 52-week high of $22.99.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Northern Star Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
About Northern Star Resources
Northern Star Resources (OTCMKTS:NESRF) is an Australian-based gold mining company engaged in the exploration, development, and production of gold through a portfolio of underground and open-pit operations. Headquartered in West Perth, Western Australia, the company focuses on the efficient delivery of ore to onsite processing facilities, employing both conventional and modern mining techniques to optimize recovery and manage operating costs.
The company’s principal operations are located across key gold provinces in Western Australia, including the Kalgoorlie, Kambalda and Jundee regions, as well as the Pogo mine in Alaska, which Northern Star acquired in 2018.
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