Northern Shield Resources (CVE:NRN) Shares Down 12.5% – Here’s What Happened

Northern Shield Resources Inc. (CVE:NRN)’s stock price fell 12.5% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 158,866 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 124,941 shares. The stock had previously closed at C$0.08.

Northern Shield Resources Stock Performance

The stock’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.07. The stock has a market cap of C$9.47 million, a price-to-earnings ratio of -7.00 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.