Nevada Copper (TSE:NCU) Stock Passes Below 200 Day Moving Average of $0.44

Nevada Copper Corp. (TSE:NCUGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.44 and traded as low as C$0.28. Nevada Copper shares last traded at C$0.28, with a volume of 32,655 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on NCU shares. Royal Bank of Canada cut shares of Nevada Copper from an “outperform” rating to a “sell” rating and lowered their price target for the company from C$1.00 to C$0.50 in a report on Wednesday, June 8th. Scotiabank lowered their target price on shares of Nevada Copper from C$0.80 to C$0.70 in a report on Tuesday, June 7th. Finally, Haywood Securities raised their target price on shares of Nevada Copper from C$0.25 to C$0.50 in a report on Wednesday, August 31st.

Nevada Copper Price Performance

The company’s fifty day moving average price is C$0.30 and its 200 day moving average price is C$0.43. The company has a market capitalization of C$112.11 million and a P/E ratio of 1.08. The company has a quick ratio of 0.01, a current ratio of 0.02 and a debt-to-equity ratio of 42.78.

Nevada Copper Company Profile

(Get Rating)

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. was incorporated in 1999 and is based in Vancouver, British Columbia.

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