Northern Shield Resources (CVE:NRN) Shares Up 11.1%

Shares of Northern Shield Resources Inc. (CVE:NRN) rose 11.1% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 116,266 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 58,395 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Stock Performance

The company has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.44.

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.