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

Northern Shield Resources Inc. (CVE:NRN)’s share price dropped 16.7% on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 230,000 shares changed hands during trading, an increase of 271% from the average daily volume of 61,932 shares. The stock had previously closed at C$0.06.

Northern Shield Resources Stock Down 16.7 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.14 and a current ratio of 0.80. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$4.16 million, a price-to-earnings ratio of -6.00 and a beta of 1.44.

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.