Nevada Copper (TSE:NCU) Share Price Passes Below Two Hundred Day Moving Average of $0.44

Nevada Copper Corp. (TSE:NCUGet Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.44 and traded as low as C$0.28. Nevada Copper shares last traded at C$0.28, with a volume of 32,655 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NCU shares. Royal Bank of Canada lowered shares of Nevada Copper from an “outperform” rating to a “sell” rating and cut their price target for the stock from C$1.00 to C$0.50 in a report on Wednesday, June 8th. Haywood Securities lifted their price target on shares of Nevada Copper from C$0.25 to C$0.50 in a report on Wednesday, August 31st. Finally, Scotiabank cut their price target on shares of Nevada Copper from C$0.80 to C$0.70 in a report on Tuesday, June 7th.

Nevada Copper Price Performance

The business’s 50 day moving average is C$0.30 and its two-hundred day moving average is C$0.43. The firm has a market cap of C$112.11 million and a P/E ratio of 1.08. The company has a quick ratio of 0.01, a current ratio of 0.02 and a debt-to-equity ratio of 42.78.

Nevada Copper Company Profile

(Get Rating)

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. Its holds 100% interests in the Pumpkin Hollow property located in Nevada, the United States. Nevada Copper Corp. was incorporated in 1999 and is based in Vancouver, British Columbia.

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