Nevada Copper (TSE:NCU) Given New C$0.45 Price Target at National Bank Financial

Nevada Copper (TSE:NCU) had its price objective decreased by National Bank Financial from C$0.50 to C$0.45 in a research report released on Thursday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.

Shares of TSE NCU traded up C$0.01 during midday trading on Thursday, hitting C$0.29. The company’s stock had a trading volume of 91,287 shares, compared to its average volume of 179,530. The business’s fifty day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.37. The company has a debt-to-equity ratio of 36.02, a current ratio of 1.74 and a quick ratio of 1.09. Nevada Copper has a 1 year low of C$0.28 and a 1 year high of C$0.55. The firm has a market capitalization of $220.96 million and a price-to-earnings ratio of -36.25.

About Nevada Copper

Nevada Copper Corp., a development stage mining company, engages in the identification, acquisition, exploration, and development of copper and other mineral properties in Nevada. It explores for copper, gold, silver, and iron ores. The company holds 100% interest in the Pumpkin Hollow copper property that consists of a contiguous 27 square mile land package comprising private lands, patented, and unpatented mineral claims located in north-western Nevada.

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