Northern Shield Resources (CVE:NRN) Trading 30% Higher – Time to Buy?

Northern Shield Resources Inc. (CVE:NRN)’s stock price shot up 30% during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 278,000 shares were traded during mid-day trading, an increase of 74% from the average session volume of 159,766 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Trading Up 30.0%

The company’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.07. The firm has a market capitalization of C$8.80 million, a P/E ratio of -6.50 and a beta of 0.05.

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.