Northern Shield Resources (CVE:NRN) Trading Up 27.3% – Time to Buy?

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 traded hands during mid-day 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 Price Performance

The business has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.04. The company has a market cap of C$7.31 million, a PE ratio of -1.98 and a beta of 1.47.

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.