Labrador Gold (OTCMKTS:NKOSF) Shares Break Below 50-Day Moving Average – Here’s What Happened

Labrador Gold Corp. (OTCMKTS:NKOSF – Get Free Report)’s share price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$0.04 and traded as low as C$0.03. Labrador Gold shares last traded at C$0.03, with a volume of 315,000 shares changing hands.

Labrador Gold Price Performance

The company has a 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05.

Labrador Gold Company Profile

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Labrador Gold Corp. is a Canadian mineral exploration company focused on identifying and evaluating gold deposits. The company explores for gold and does not operate as a gold producer. Its flagship asset is the Kingsway project in central Newfoundland, near Gander. The property lies in a region known for gold exploration, and Labrador Gold has conducted exploration work there to assess its mineral potential.

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