Northern Shield Resources (CVE:NRN) Shares Down 16.7%

Northern Shield Resources Inc. (CVE:NRN) shares traded down 16.7% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 230,000 shares changed hands during trading, an increase of 271% from the average session volume of 61,932 shares. The stock had previously closed at C$0.06.

Northern Shield Resources Trading Down 16.7 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.80 and a quick ratio of 0.14. The firm has a market cap of C$4.16 million, a PE ratio of -5.00 and a beta of 1.44. The company’s 50 day moving average price is C$0.04 and its 200 day moving average price 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.