Northern Superior Resources (CVE:SUP) Shares Up 54.1% - Here's Why

Key Points

• Northern Superior Resources Inc. shares surged by 54.1%, peaking at C$2.23 before closing at C$2.18, significantly higher than the previous C$1.42.
• The trading volume experienced a dramatic increase of 4,287%, with over 13 million shares changing hands compared to an average of around 297,000 shares.
• The company's market capitalization stands at C$377.29 million, and it operates as a junior mining company focused on exploring gold, silver, and copper in Ontario and Québec, Canada.

Northern Superior Resources Inc. (CVE:SUP - )'s share price shot up 54.1% on Monday . The company traded as high as C$2.23 and last traded at C$2.18. 13,039,351 shares were traded during mid-day trading, an increase of 4,287% from the average session volume of 297,244 shares. The stock had previously closed at C$1.42.

Northern Superior Resources Trading Up 54.1%

The company has a market capitalization of C$377.29 million, a PE ratio of -21.80 and a beta of 2.58. The stock's 50-day moving average is C$1.40 and its two-hundred day moving average is C$1.01.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.