Nevada Copper Corp. (TSE:NCU – Get Rating)’s share price rose 9.1% on Friday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 97,626 shares traded hands during trading, a decline of 68% from the average daily volume of 303,300 shares. The stock had previously closed at C$0.17.
Analysts Set New Price Targets
Separately, Scotiabank set a C$0.30 price objective on Nevada Copper and gave the company a “sector perform” rating in a research report on Monday, June 5th.
Nevada Copper Trading Up 11.8 %
The company has a debt-to-equity ratio of 167.55, a quick ratio of 0.01 and a current ratio of 0.27. The stock’s fifty day moving average is C$0.28 and its 200 day moving average is C$0.32. The stock has a market cap of C$188.37 million, a P/E ratio of -0.22 and a beta of 2.73.
About Nevada Copper
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, iron magnetite, gold, and silver ores. It holds 100% interests in the Pumpkin Hollow property that consist of approximately 24,300 acres of contiguous mineral rights located in northwestern Nevada, the United States.
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