Nevada Copper Corp. (EAST: NCU – Get a rating) the stock price fell 11.5% in Monday’s trading session. The stock traded as low as C$0.20 and last traded at C$0.23. 240,591 shares changed hands during the midday session, down 42% from the average session volume of 414,122 shares. The stock had previously closed at C$0.26.

NCU has been the subject of several research reports. Royal Bank of Canada downgraded Nevada Copper shares from an “outperform” rating to a “sell” rating and lowered its price target for the company from C$1.00 to C$0.50 in a research note from Wednesday, June 8. Scotiabank lowered its price target on Nevada Copper shares from C$0.80 to C$0.70 in a Tuesday, June 7 research note. Finally, Haywood Securities downgraded Nevada Copper shares from a “buy” rating to a “hold” rating and lowered its price target for the company from C$0.80 to C$0.60 in a rating. search for Wednesday, June 8.

The company has a quick ratio of 0.11, a current ratio of 0.13 and a debt ratio of 37.88. The company’s 50-day moving average is C$0.43 and its 200-day moving average is C$0.59. The company has a market cap of C$103.14 million and a price-to-earnings ratio of 4.60.

Nevada copper (EAST: NCU – Get a rating) last released its quarterly earnings data on Monday, May 16. The mining company reported earnings per share of C ($0.03) for the quarter. The company had revenue of C$6.45 million for the quarter. On average, analysts expect Nevada Copper Corp. shows an EPS of 0.07 for the current year.

Nevada Copper Company Profile (EAST: NCU)

Nevada Copper Corp. is engaged in the exploration, development and operation of mineral properties in Nevada. The company explores copper, iron magnetite, gold and silver ores. It holds a 100% interest in the Pumpkin Hollow property located in Nevada, United States. Nevada Copper Corp. was incorporated in 1999 and is based in Vancouver, British Columbia.

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