Northern Superior Resources (CVE:SUP) Shares Up 54.1% - Should You Buy?

Key Points

• Northern Superior Resources Inc. shares surged 54.1% on Monday, reaching a trading high of C$2.23 before closing at C$2.18.
• The company saw a dramatic increase in trading volume, with approximately 13 million shares changing hands—an increase of 4,287% compared to its average daily volume.
• Northern Superior Resources is a junior mining company focused on acquiring and exploring gold, silver, and copper properties in Ontario and Québec, Canada.

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

Northern Superior Resources Price Performance

The business has a fifty day simple moving average of C$1.40 and a 200 day simple moving average of C$1.01. The firm has a market cap of C$377.29 million, a price-to-earnings ratio of -21.80 and a beta of 2.58.

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.