Northern Shield Resources (CVE:NRN) Trading 22.2% Higher – Time to Buy?

Northern Shield Resources Inc. (CVE:NRN) was up 22.2% on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 758,390 shares changed hands during mid-day trading, an increase of 427% from the average daily volume of 144,038 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Trading Up 10.0%

The firm has a market cap of C$7.44 million, a price-to-earnings ratio of -5.50 and a beta of 0.05. The firm has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.07.

Northern Shield Resources Company Profile

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.