Date: Tuesday, 27 March 2018
NSU stock traded up C$0.08 on Tuesday, reaching C$3.04. 958,215 shares of the company’s stock were exchanged, compared to its average volume of 725,539. Nevsun Resources has a 12-month low of C$2.49 and a 12-month high of C$3.54. The firm has a market cap of $924.77, a price-to-earnings ratio of -8.39 and a beta of 0.25.
Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) last announced its quarterly earnings results on Thursday, March 1st. The basic materials company reported C($0.01) earnings per share (EPS) for the quarter. Nevsun Resources had a negative net margin of 43.87% and a negative return on equity of 18.80%. The firm had revenue of C$102.36 million during the quarter.A hedge fund recently raised its stake in Nevsun Resources stock. Schroder Investment Management Group grew its position in Nevsun Resources (TSE:NSU) (NYSEAMERICAN:NSU) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,291,699 shares of the basic materials company’s stock after buying an additional 127,338 shares during the period. Schroder Investment Management Group owned approximately 0.76% of Nevsun Resources worth $6,234,000 at the end of the most recent quarter.
About Nevsun Resources
Nevsun Resources Ltd. is a base metals company. The Company’s two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli.