New Pacific Metals (OTCMKTS:NUPMF) Trading Down 8.1% – Here’s Why

New Pacific Metals Corp. (OTCMKTS:NUPMFGet Free Report) shares traded down 8.1% during mid-day trading on Tuesday . The stock traded as low as $3.4939 and last traded at $3.54. 1,038,465 shares were traded during trading, an increase of 601% from the average session volume of 148,061 shares. The stock had previously closed at $3.85.

New Pacific Metals Price Performance

The firm has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $2.18.

About New Pacific Metals

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New Pacific Metals Corp. is a Canadian mineral exploration and development company focused on advancing high-grade silver projects in Latin America. The company’s primary objective is to explore, delineate and develop polymetallic silver deposits, leveraging geological expertise to convert early-stage targets into defined mineral resources. New Pacific Metals is publicly traded on the TSX Venture Exchange and the OTCMKTS under the symbol NUPMF.

The company’s flagship asset is the Silver Sand silver project located in Bolivia’s Potosí Department, where New Pacific holds an 80% interest through a joint-venture agreement.

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