Northern Superior Resources (CVE:SUP) Trading 54.1% Higher - Here's What Happened

Key Points

• Northern Superior Resources Inc. shares surged by 54.1% during mid-day trading, reaching a high of C$2.23 and significantly exceeding its previous close of C$1.42.
• Trading volume for the stock increased by 4,287% compared to the average daily volume, with approximately 13 million shares changing hands.
• The company specializes in the exploration of gold, silver, and copper properties in Ontario and Québec, Canada, and has a current market capitalization of C$377.29 million.

Northern Superior Resources Inc. (CVE:SUP - )'s stock price traded up 54.1% on Tuesday . The stock traded as high as C$2.23 and last traded at C$2.18. 13,039,351 shares were traded during 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 Stock Performance

The company has a 50-day simple moving average of C$1.40 and a two-hundred day simple moving average of C$1.01. The stock has a market cap of C$377.29 million, a price-to-earnings ratio of -21.80 and a beta of 2.58.

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.

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.