Nevada Copper (TSE:NCU) Given New C$0.45 Price Target at National Bank Financial

Nevada Copper (TSE:NCU) had its price objective cut by National Bank Financial from C$0.50 to C$0.45 in a report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Shares of Nevada Copper stock traded up C$0.01 on Thursday, hitting C$0.29. The company’s stock had a trading volume of 91,287 shares, compared to its average volume of 179,530. Nevada Copper has a 52-week low of C$0.28 and a 52-week high of C$0.55. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 36.02. The firm has a fifty day moving average price of C$0.32 and a 200-day moving average price of C$0.37. The company has a market capitalization of $220.96 million and a P/E ratio of -36.25.

About Nevada Copper

Nevada Copper Corp., a development stage mining company, engages in the identification, acquisition, exploration, and development of copper and other mineral properties in Nevada. It explores for copper, gold, silver, and iron ores. The company holds 100% interest in the Pumpkin Hollow copper property that consists of a contiguous 27 square mile land package comprising private lands, patented, and unpatented mineral claims located in north-western Nevada.

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