Northern Shield Resources (CVE:NRN) Shares Up 11.1% – Here’s What Happened

Shares of Northern Shield Resources Inc. (CVE:NRN) traded up 11.1% during trading on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 167,500 shares were traded during mid-day trading, an increase of 9% from the average session volume of 153,582 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Stock Up 11.1%

The firm’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The firm has a market cap of C$6.77 million, a P/E ratio of -5.00 and a beta of -0.78.

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.