Northern Shield Resources (CVE:NRN) Shares Up 40% – Time to Buy?

Shares of Northern Shield Resources Inc. (CVE:NRN) were up 40% during mid-day trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 1,954,260 shares were traded during trading, an increase of 1,139% from the average daily volume of 157,777 shares. The stock had previously closed at C$0.05.

Northern Shield Resources Trading Up 50.0%

The stock has a market cap of C$10.15 million, a price-to-earnings ratio of -7.50 and a beta of 0.05. The stock has a 50-day moving average price of C$0.05 and a two-hundred 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.