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NexMetals Mining (NASDAQ:NEXM) Trading Down 2.7% - Time to Sell?

NexMetals Mining logo with Basic Materials background

Key Points

  • NexMetals Mining Corp. shares decreased by 2.7% on Wednesday, with trading occurring at $5.70 after reaching as low as $5.65.
  • The trading volume fell by 46% compared to the average session, indicating lower investor activity.
  • Wall Street analysts have downgraded the stock to a "sell" rating as of August 16th, reflecting concerns about its performance.
  • Five stocks we like better than NexMetals Mining.

NexMetals Mining Corp. (NASDAQ:NEXM - Get Free Report)'s stock price traded down 2.7% on Wednesday . The stock traded as low as $5.65 and last traded at $5.70. 33,717 shares changed hands during trading, a decline of 46% from the average session volume of 62,163 shares. The stock had previously closed at $5.86.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded NexMetals Mining to a "sell" rating in a research note on Saturday, August 16th.

View Our Latest Stock Analysis on NEXM

NexMetals Mining Price Performance

About NexMetals Mining

(Get Free Report)

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland.

Further Reading

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