New Dimension Resources (CVE:NDR) Shares Down 11.1%

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New Dimension Resources Ltd. (CVE:NDR) was down 11.1% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04, approximately 19,713 shares traded hands during trading. A decline of 77% from the average daily volume of 87,481 shares. The stock had previously closed at C$0.05.

The stock has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. The stock has a market cap of $3.09 million and a PE ratio of -0.85.

About New Dimension Resources (CVE:NDR)

New Dimension Resources Ltd. acquires, explores for, evaluates, and develops mineral properties in Canada and Argentina. The company primarily explores for gold and silver deposits. It owns interests in the Las Calandrias, Los Cisnes, and Sierra Blanca gold-silver projects covering an area of 86,000 hectares located in Santa Cruz province, Argentina.

Further Reading: What are the risks of holding treasury bonds?

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