Nevada Zinc (CVE:NZN) Trading Down 11.1%

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Nevada Zinc Corp (CVE:NZN) dropped 11.1% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, approximately 9,000 shares were traded during mid-day trading. A decline of 84% from the average daily volume of 54,765 shares. The stock had previously closed at C$0.05.

The firm’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.04. The company has a market capitalization of $3.72 million and a price-to-earnings ratio of -4.44.

About Nevada Zinc (CVE:NZN)

Nevada Zinc Corporation, a mineral exploration company, primarily focuses on the acquisition, exploration, and development of mineral properties in Nevada, as well as in Yukon, Canada. The company explores for zinc and lead. Its flagship property is the 100% owned Lone Mountain zinc project, which includes 231 claims covering approximately 4,000 acres located near Eureka, Nevada.

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