Nevsun Resources Shares Climbing Higher, Up 2.2%
Published on Wed, 10/26/2011 - 11:05
By Robert Cotter in Market movers <http://www.fnno.com/taxonomy/term/71>,
NSU <http://www.fnno.com/category/tickers/nsu>,
amex:nsu<http://www.fnno.com/category/keywords/amexnsu>,
market movers <http://www.fnno.com/taxonomy/term/1109>, nevsun
resources<http://www.fnno.com/category/keywords/nevsun-resources>
Up 2.2% to $5.20, Nevsun Resources (AMEX:NSU), is one of today's notable movers. The S&P is currently trading 0.5% lower to 1,224 and the Dow Jones Industrial Average is trading fractionally higher to 11,719.
Nevsun Resources Ltd. is a gold producer and base metal developer. The Company has a gold-copper-zinc mine in Eritrea.
Nevsun Resources (AMEX:NSU) has potential upside of 49.8% based on a current price of $5.20 and analysts' consensus price target of $7.79. The stock should find initial resistance at its 50-day moving average (MA) of $5.95 and further resistance at its 200-day MA of $5.98.
Nevsun Resources share prices have moved between a 52-week high of $7.75 and
a 52-week low of $4.32 and are now trading 20% above that low price at $5.20
per share. The 200-day and 50-day moving averages have moved 0.51% lower and
1.53% lower over the past week, respectively.
By Robert Cotter
rcotter_at_fnno.com
----[Mailing List for Eritrea Related News ]---- Received on Thu Oct 27 2011 - 08:37:48 EDT
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