Nevada Sunrise Metals (CVE:NEV) Stock Price Up 16.7% – Still a Buy?

Nevada Sunrise Metals Co. (CVE:NEV)’s share price rose 16.7% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 512,845 shares traded hands during trading, an increase of 72% from the average daily volume of 298,653 shares. The stock had previously closed at C$0.03.

Nevada Sunrise Metals Stock Up 33.3%

The company’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The stock has a market cap of C$5.05 million, a P/E ratio of -2.00 and a beta of 1.74.

Nevada Sunrise Metals Company Profile

Nevada Sunrise Metals Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties. The company explores for gold, copper, cobalt, nickel, zinc, and lithium deposits. The company was formerly known as Nevada Sunrise Gold Corporation and changed its name to Nevada Sunrise Metals Corporation in September 2022. Nevada Sunrise Metals Corporation is headquartered in Vancouver, Canada.