NexMetals Mining (NASDAQ:NEXM) Releases Quarterly Earnings Results

NexMetals Mining (NASDAQ:NEXM) posted its earnings results on Thursday. The company reported ($0.54) earnings per share (EPS) for the quarter, Zacks reports.

NexMetals Mining Stock Performance

Shares of NEXM stock traded down $0.10 during trading hours on Friday, hitting $3.66. 61,205 shares of the company’s stock traded hands, compared to its average volume of 112,504. The stock has a fifty day moving average price of $5.15. NexMetals Mining has a 12-month low of $3.59 and a 12-month high of $10.35.

Analyst Upgrades and Downgrades

NEXM has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of NexMetals Mining in a research report on Wednesday, October 8th. Zacks Research raised shares of NexMetals Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of NexMetals Mining to a “sell” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland.