Northern Superior Resources (CVE:SUP) Shares Up 5.9% – Time to Buy?

Northern Superior Resources Inc. (CVE:SUP)’s stock price traded up 5.9% during trading on Wednesday . The company traded as high as C$0.54 and last traded at C$0.54. 188,009 shares changed hands during mid-day trading, an increase of 71% from the average session volume of 109,717 shares. The stock had previously closed at C$0.51.

Analyst Upgrades and Downgrades

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

Northern Superior Resources Stock Performance

The company has a quick ratio of 2.15, a current ratio of 26.17 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of C$0.51 and a 200 day simple moving average of C$0.56. The company has a market capitalization of C$84.23 million, a price-to-earnings ratio of -25.50 and a beta of 2.29.

Northern Superior Resources Company Profile

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.