Shares of Nevsun Resources Ltd. (:NSU) Headlining Today

The micro cap world has been buzzing about shares of Nevsun Resources Ltd. (:NSU) as its stock price changed 1.41%, hitting $2.16 after the completion of a recent trading session.

Though that’s the current price, let’s take a look at how the commodity has been performing recently.  Over the past year, Nevsun Resources Ltd.’s stock was -30.10%.  Over the last seven days of the month, it was -3.14%, -8.47% over the three months, and  -9.62% for the past half-year. 

Over the past fifty days, Nevsun Resources Ltd. stock was -22.02% from the high and 10.20% apart from the low.  The fifty-two-Week High and Low are also noted here.  -38.64% (High), 10.20%, (Low).

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Like any other stock, penny stocks are traded based on the laws of supply and demand, meaning that the price rises when there are more buyers than sellers, and when the sellers outnumber the buyers, the stock will decline in price. Penny stocks differ from so-called “traditional” stocks because they can trade extremely rapidly when sudden buying or selling pressure hits. Penny stocks are also subject to quite a bit of dilution by company insiders, causing a substantial drop in price, causing not insignificant losses for traders holding the shares. Because of the threat of large losses, it’s important to protect a penny stock trading account by having a solid penny stock trading strategy in place.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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