Northern Shield Resources (CVE:NRN) Stock Price Down 6.3% – Here’s Why

Northern Shield Resources Inc. (CVE:NRN)’s share price dropped 6.3% during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 149,866 shares were traded during trading, an increase of 22% from the average daily volume of 123,141 shares. The stock had previously closed at C$0.08.

Northern Shield Resources Trading Up 7.1%

The stock’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07. The company has a market cap of C$10.15 million, a price-to-earnings ratio of -7.50 and a beta of 0.20.

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.