Stock Price of Nevsun Resources Ltd (NSU) Increases 3.22%

Nevsun Resources Ltds in-depth stock price analysis indicates that the stock price has rallied 9.18% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 2.56% . Looking at the past 52 week period, the stock price is up at 6.64% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Nevsun Resources Ltd has a negative value of -4.63 compared to overall market performance. Stocks of Nevsun Resources Ltd (NYSEMKT:NSU) rallied by 3.22% during the past week but lost 8.55% on a 4-week basis. The company has outperformed the S&P 500 by 2.38% in the past week but underperformed the index by 10.18% in the last 4 weeks.

Nevsun Resources Ltd (NYSEMKT:NSU) : On Friday heightened volatility was witnessed in Nevsun Resources Ltd (NYSEMKT:NSU) which led to swings in the share price. The stock opened for trading at $3.14 and hit $3.24 on the upside , eventually ending the session at $3.21, with a gain of 2.88% or 0.09 points. The heightened volatility saw the trading volume jump to 1,330,086 shares. The 52-week high of the share price is $3.8 and the company has a market cap of $964 million. The 52-week low of the share price is at $2.68 .

NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Companys portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Companys principal mineral properties are the Bisha property located in Eritrea, North-East Africa.


Leave a Reply

Get Pre-Market Alerts!

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