Nevada Sunrise Metals (CVE:NEV) Stock Price Down 28.6% – Time to Sell?

Nevada Sunrise Metals Co. (CVE:NEV) shares traded down 28.6% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.03. 2,799,101 shares changed hands during trading, an increase of 692% from the average session volume of 353,591 shares. The stock had previously closed at C$0.04.

Nevada Sunrise Metals Stock Performance

The company has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.05. The stock has a market cap of C$3.16 million, a price-to-earnings ratio of -1.25 and a beta of 1.74.

Nevada Sunrise Metals Company Profile

Nevada Sunrise Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties. The company explores for gold, copper, cobalt, nickel, zinc, and lithium deposits. The company was formerly known as Nevada Sunrise Gold Corporation and changed its name to Nevada Sunrise Metals Corporation in September 2022. Nevada Sunrise Metals Corporation is headquartered in Vancouver, Canada.