Northern Star Resources (OTCMKTS:NESRF) Stock Price Up 7.5% – Here’s What Happened

Northern Star Resources Limited (OTCMKTS:NESRF – Get Free Report)’s stock price was up 7.5% on Friday . The company traded as high as $15.00 and last traded at $15.00. 2,343 shares traded hands during trading, a decline of 92% from the average daily volume of 28,950 shares. The stock had previously closed at $13.95.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Northern Star Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Northern Star Resources has an average rating of “Hold”.

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Read Our Latest Report on NESRF

Northern Star Resources Stock Up 1.2%

The company has a market capitalization of $20.18 billion and a PE ratio of 288.40. The stock has a 50-day moving average of $14.12 and a 200 day moving average of $16.24.

Northern Star Resources Company Profile

(Get Free Report)

Northern Star Resources (OTCMKTS:NESRF) is an Australian-based gold mining company engaged in the exploration, development, and production of gold through a portfolio of underground and open-pit operations. Headquartered in West Perth, Western Australia, the company focuses on the efficient delivery of ore to onsite processing facilities, employing both conventional and modern mining techniques to optimize recovery and manage operating costs.

The company’s principal operations are located across key gold provinces in Western Australia, including the Kalgoorlie, Kambalda and Jundee regions, as well as the Pogo mine in Alaska, which Northern Star acquired in 2018.

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