Northern Shield Resources (CVE:NRN) Stock Price Down 15.4% – Should You Sell?

Northern Shield Resources Inc. (CVE:NRN)’s share price was down 15.4% during trading on Saturday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 355,000 shares traded hands during trading, an increase of 148% from the average daily volume of 142,865 shares. The stock had previously closed at C$0.07.

Northern Shield Resources Stock Down 15.4%

The firm’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.07. The firm has a market cap of C$6.24 million, a P/E ratio of -1.63 and a beta of 0.38.

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.