Northern Shield Resources (CVE:NRN) Stock Price Down 12.5% – What’s Next?

Northern Shield Resources Inc. (CVE:NRN) dropped 12.5% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 158,866 shares traded hands during trading, an increase of 27% from the average daily volume of 124,941 shares. The stock had previously closed at C$0.08.

Northern Shield Resources Stock Down 12.5%

The company’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.07. The company has a market capitalization of C$9.47 million, a price-to-earnings ratio of -7.00 and a beta of 0.20.

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.