Shares of Nexus Uranium Corp. (OTCMKTS:GIDMF – Get Free Report) dropped 17% during mid-day trading on Tuesday. The company traded as low as $0.3453 and last traded at $0.3611. Approximately 950 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 5,118 shares. The stock had previously closed at $0.4350.
Nexus Uranium Stock Performance
The stock has a 50-day simple moving average of $0.44 and a 200 day simple moving average of $0.68.
Nexus Uranium Company Profile
Nexus Uranium Corp. is a mineral exploration company focused on identifying and advancing uranium properties. The company explores for uranium and does not describe itself as a uranium producer.
Its project portfolio includes the Mann Lake and Cree East properties in Saskatchewan’s Athabasca Basin, a region known for uranium exploration, as well as the Wray Mesa project in Utah. These properties give Nexus exposure to uranium exploration in both Canada and the United States.
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