Northern Shield Resources (CVE:NRN) Trading Down 15.4% – What’s Next?

Northern Shield Resources Inc. (CVE:NRN)’s share price dropped 15.4% during trading on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 355,000 shares were traded during mid-day 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 Performance

The firm has a market capitalization of C$6.24 million, a price-to-earnings ratio of -1.63 and a beta of 0.38. The company has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.07.

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.