Nevsun Resources (NYSEAMERICAN:NSU) Shares Down 0.2% – Here’s Why

Nevsun Resources (NYSEAMERICAN:NSU)’s stock price was down 0.2% on Tuesday. The stock traded as low as $4.44 and last traded at $4.44. Approximately 25,500 shares changed hands during trading, a decline of 71% from the average session volume of 87,058 shares. The stock had previously closed at $4.45.

Nevsun Resources Stock Performance

The stock has a 50 day simple moving average of $4.44 and a 200 day simple moving average of $4.44.

Nevsun Resources Company Profile

Nevsun Resources Ltd. was a Canadian mining company focused on the exploration, development and operation of base-metal and precious-metal assets. Its primary products included copper, zinc and gold, with operations and development projects in Africa and Europe.

The company’s principal producing asset was the Bisha Mine in Eritrea, which produced copper and zinc concentrates and previously generated gold as part of its mining operations. Nevsun also advanced the Timok copper-gold project in Serbia, a significant development asset intended to expand the company’s European presence.

Nevsun was headquartered in Vancouver, British Columbia, and was led by Chief Executive Officer Cliff Davis during its later years as an independent company.