Company Shares of Nevsun Resources Ltd (NYSEMKT:NSU) Drops by -2.65%

Nevsun Resources Ltd (NYSEMKT:NSU) : During the past 4 weeks, traders have been relatively bearish on Nevsun Resources Ltd (NYSEMKT:NSU), hence the stock is down -15.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.88% relative to the S&P 500. The 4-week change in the price of the stock is -14.29% and the stock has fallen -2.65% in the past 1 week.

The company shares have dropped -17.42% from its 1 Year high price. On Apr 22, 2016, the shares registered one year high at $3.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.18 and the 200 Day Moving Average price is recorded at $3.12.

The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 9.33%.


Nevsun Resources Ltd (NYSEMKT:NSU): stock turned positive on Friday. Though the stock opened at $2.92, the bulls momentum made the stock top out at $2.94 level for the day. The stock recorded a low of $2.88 and closed the trading day at $2.94, in the green by 0.34%. The total traded volume for the day was 1,030,189. The stock had closed at $2.93 in the previous days trading.

Nevsun Resources Ltd. (Nevsun) is engaged in the acquisition, exploration, development and operation of mineral property interests. The Companys principal mining operation is the Bisha Mine and the Companys principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). The Companys wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC. Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.