Home / Market Movers / Northern Shield Resources Inc. (CDX:NRN:CA) Leads TSX Venture Basic Materials Laggards with Drop of 8.33% on January 13

Northern Shield Resources Inc. (CDX:NRN:CA) Leads TSX Venture Basic Materials Laggards with Drop of 8.33% on January 13

In sliding 8.33%, Northern Shield Resources Inc. (CDX:NRN:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.06, shares of NRN:CA opened this morning at $0.055 and closed the day at $0.055. Throughout the day, about 25,152 shares changed hands, compared to an average 30-day volume of 859,406 for Northern Shield Resources Inc.. Shares moved as high as $0.055 and as low as $0.055 in today’s trading action.

The share depreciation gives the company a market capitalization of $12.3 million based upon 205.04 million shares outstanding.

In the past 52 weeks, shares of Northern Shield Resources Inc. have traded as low as $0.01 and as high as $0.3. Technical traders will take note that at $0.055, shares of NRN:CA are trading below their 50-day moving average (MA) at $0.118 and below their 200-day MA at below $0.147. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Nthn Shield?

Northern Shield Resources Inc is an exploration and evaluation stage company. The Company is engaged in identification, acquisition, and exploration of mineral properties in Ontaria and Quebec. The company is led by its CEO Ian C. Bliss from its headquarters at 55 Metcalfe Street.

For more information on Nthn Shield and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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