Nordic Gold (CVE:NOR) Trading Up 12.5%

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Nordic Gold Inc (CVE:NOR) shares were up 12.5% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05, approximately 16,000 shares changed hands during mid-day trading. A decline of 87% from the average daily volume of 127,195 shares. The stock had previously closed at C$0.04.

The company’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a current ratio of 0.07, a quick ratio of 0.03 and a debt-to-equity ratio of 59.42. The firm has a market cap of $9.78 million and a P/E ratio of -0.26.

About Nordic Gold (CVE:NOR)

Nordic Gold Corp., a junior mining company, engages in the acquisition and exploration of gold, precious, and base metal properties primarily in Canada and internationally. It holds 100% interest in the Laiva Mine property located in Raahe, Finland; and 49% interest in the Sheslay that comprise 19 mineral claim licenses located in the Atlin mining division of northwestern British Columbia, Canada.

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