Northern Shield Resources (CVE:NRN) Trading Down 8.3% – Should You Sell?

Northern Shield Resources Inc. (CVE:NRN)’s share price fell 8.3% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. 178,019 shares were traded during trading, an increase of 78% from the average session volume of 99,734 shares. The stock had previously closed at C$0.06.

Northern Shield Resources Stock Down 15.4%

The firm has a market capitalization of C$7.44 million, a price-to-earnings ratio of -5.50 and a beta of -0.25. The stock’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.06.

Northern Shield Resources Company Profile

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.