Northern Shield Resources (CVE:NRN) Stock Price Up 16.7%

Northern Shield Resources Inc. (CVE:NRN) traded up 16.7% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 199,000 shares were traded during mid-day trading, an increase of 232% from the average session volume of 59,903 shares. The stock had previously closed at C$0.03.

Northern Shield Resources Stock Up 16.7 %

The stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.05. The firm has a market cap of C$2.91 million, a PE ratio of -3.50 and a beta of 1.47. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.17.

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.