Nevsun Resources Ltd s trend and data analysis indicates that the stock price has dropped -24.61% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -21.12% . Looking at the past 52 week period, the stock price is down -30.52% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Nevsun Resources Ltd has a negative value of -15.51 compared to overall market performance.Nevsun Resources Ltd. is having a Relative Strength Index of 33.19 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Nevsun Resources Ltd (NYSEMKT:NSU) has tumbled 2.05% during the past week and has dropped 21.12% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.28%. Nevsun Resources Ltd (NYSEMKT:NSU) has underperformed the index by 22.02% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Nevsun Resources Ltd (NYSEMKT:NSU) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.07 points or 2.85% at $2.39 with 1,423,132 shares getting traded. Post opening the session at $2.48, the shares hit an intraday low of $2.38 and an intraday high of $2.49 and the price was in this range throughout the day. The company has a market cap of $720 million and the number of outstanding shares has been calculated to be 301,322,890 shares. The 52-week high of Nevsun Resources Ltd (NYSEMKT:NSU) is $3.8 and the 52-week low is $2.29.
NEVSUN RESOURCES LTD., is a natural resource company engaged in the acquisition, exploration, development and production of mineral properties. The Companys portfolio is focused on properties in Africa with gold and base metal (copper and zinc) resources/reserves. The Companys principal mineral properties are the Bisha property located in Eritrea, North-East Africa.