Northern Shield Resources (CVE:NRN) Shares Up 27.3% – What’s Next?

Shares of Northern Shield Resources Inc. (CVE:NRN) shot up 27.3% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 677,750 shares changed hands during trading, an increase of 300% from the average session volume of 169,495 shares. The stock had previously closed at C$0.06.

Northern Shield Resources Stock Performance

The firm has a market cap of C$7.31 million, a P/E ratio of -1.98 and a beta of 1.47. The company’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.04.

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.