Nippon Dragon Resources (CVE:NIP) Hits New 52-Week High at $0.04

Nippon Dragon Resources Inc (CVE:NIP)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 18910 shares changing hands. The stock had previously closed at C$0.03.

The stock has a market cap of $6.54 million and a price-to-earnings ratio of -13.33. The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 59.84, a quick ratio of 0.25 and a current ratio of 0.26.

Nippon Dragon Resources Company Profile (CVE:NIP)

Nippon Dragon Resources Inc explores for and develops mineral properties in Canada. It owns a 100% interest in the Rocmec 1 gold project, which is located in Dasserat Township, Quebec. The company also holds interests in the Courville-Maruska project, which is located in Courville Township, Quebec; and the Denain project that is located in Val d'Or, Quebec.

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