Northern Empire Resources (CVE:NM) Shares Up 1.6%

Shares of Northern Empire Resources Corp. (CVE:NM – Get Rating) shot up 1.6% during mid-day trading on Tuesday . The company traded as high as C$1.28 and last traded at C$1.25. 66,707 shares were traded during trading, a decline of 70% from the average session volume of 220,469 shares. The stock had previously closed at C$1.23.

The stock has a fifty day simple moving average of C$1.25 and a 200-day simple moving average of C$1.25. The stock has a market cap of C$83.82 million and a P/E ratio of -4.77.

About Northern Empire Resources (CVE:NM)

Northern Empire Resources Corp. engages in the acquisition, exploration, and development of gold deposits in the United States. The company holds a 100% interest in the Sterling gold project located in Nye County, Nevada; the Richardson property covering an approximately 11,300 hectares located to the southeast of Fairbanks, Alaska; and the Hilltop gold property covering an approximately 12,600 hectares located to the southeast of Fairbanks, Alaska.

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