Nevsun Resources Ltd (NSU) Shares are Down -5.02%

Nevsun Resources Ltd (NSU) : During the past 4 weeks, traders have been relatively bearish on Nevsun Resources Ltd (NSU), hence the stock is down -6.27% 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 -5.17% relative to the S&P 500. The 4-week change in the price of the stock is -6.77% and the stock has fallen -5.02% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 3.35%.The 200 Day SMA reached 0.28%

Nevsun

Nevsun Resources Ltd (NYSEMKT:NSU): The stock opened in the green at $3.11 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $3.11 and a low of $3.02 for the day. The stock did not find buyers even at the lows and closed at $3.03 recording a loss of -1.62%. 666,332 shares exchanged hands during the trading day. The stock had closed at $3.03 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.

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