Northern Superior Resources (CVE:SUP) Stock Price Up 2% – Still a Buy?

Northern Superior Resources Inc. (CVE:SUP) shares rose 2% during trading on Monday . The company traded as high as C$0.53 and last traded at C$0.51. Approximately 198,608 shares changed hands during trading, an increase of 87% from the average daily volume of 106,342 shares. The stock had previously closed at C$0.50.

Wall Street Analysts Forecast Growth

Separately, Cormark set a C$1.50 price target on shares of Northern Superior Resources and gave the company a “buy” rating in a research report on Wednesday, July 10th.

Northern Superior Resources Stock Performance

The firm has a market cap of C$82.58 million, a P/E ratio of -25.00 and a beta of 2.29. The company has a current ratio of 26.17, a quick ratio of 2.15 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is C$0.52 and its two-hundred day moving average is C$0.57.

About Northern Superior Resources

Northern Superior Resources Inc, an exploration stage junior mining company, engages in the identification, acquisition, evaluation, and exploration of gold properties in Ontario and Québec, Canada. The company explores for silver and copper. The company is headquartered in Toronto, Canada.