New Pacific Metals (OTCMKTS:NUPMF) Trading 8% Higher – Should You Buy?

New Pacific Metals Corp. (OTCMKTS:NUPMF)’s stock price shot up 8% on Wednesday . The stock traded as high as $3.3950 and last traded at $3.38. 648,500 shares were traded during trading, an increase of 338% from the average session volume of 148,061 shares. The stock had previously closed at $3.13.

New Pacific Metals Stock Up 8.0%

The company has a 50-day simple moving average of $3.53 and a 200 day simple moving average of $2.64.

New Pacific Metals Company Profile

New Pacific Metals Corp. is a Canadian mineral exploration and development company focused on advancing high-grade silver projects in Latin America. The company’s primary objective is to explore, delineate and develop polymetallic silver deposits, leveraging geological expertise to convert early-stage targets into defined mineral resources. New Pacific Metals is publicly traded on the TSX Venture Exchange and the OTCMKTS under the symbol NUPMF.

The company’s flagship asset is the Silver Sand silver project located in Bolivia’s Potosí Department, where New Pacific holds an 80% interest through a joint-venture agreement.