Nevsun Resources (TSE:NSU) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Nevsun Resources (TSE:NSUGet Free Report) (NYSEAMERICAN:NSU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$6.00. Nevsun Resources shares last traded at C$6.00, with a volume of 12,608 shares.

Nevsun Resources Stock Performance

The company has a market cap of C$1.82 billion and a price-to-earnings ratio of -50.00. The stock’s 50 day moving average price is C$6.00.

About Nevsun Resources

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Nevsun Resources Ltd. engages in the mining and development of mineral properties in Europe, Africa, and North America. It explores for gold, copper, zinc, and silver deposits. The company's principal assets include Timok project, a copper-gold development project in Serbia; and Bisha copper- zinc mine in Eritrea.

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