North Springs Resource (NSRS) Stock Lost 8% In The Last One Month; Shows Flat Trends
North Springs Resource (OTC: NSRS), a Las Vegas based company, is engaged in the business of exploration, development, evaluation and acquisition of mineral resource properties.
The company stock price lost 8% in the past one month and lost more than 66% in the past ten days. In the past one month, the stock price and volume is showing flat trends. The company reported loss of $117.81 thousands in its most recent quarterly filings. At present, the stock is trading at $0.55 with market capitalization of $382.10 million. NSRS’s 52-week high is $1.72 and 52- week low is $0.30.
Last week, the company signed Letter of Intent with a private third-party vendor to buy a 10% stakes in four producing gold properties in Chihuahua, Mexico. The company will also build a new milling facility.
Fuelled by this news, the company’s daily trading volume jumped to 120,276,831 on 15th Feb 2012, which is nearly three times bigger than three month’s average trading volume of 51,097,100. Although, the trading volume shown a big jump, but share price was down by 27% from its previous day.
According to technical reports, the four producing properties have gold reserve of more than 1,000,000 ounces in total. The one million plus ounce gold reserve could lay the strong foundation of the NSRS for many years in near future.
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Posted by Dana Bryan
on Tuesday, February 21st, 2012. Filed under Internet, Technology.
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