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Shares of Nevsun Resources Ltd (NYSE: NSU) saw unusually high trading volume on Monday. Approximately 1,289,741 shares changed hands during mid-day trading, an increase of 50.78% from the previous session. The stock last traded at $5.55.
Nevsun Resources Ltd. and its subsidiaries are in the mineral property exploration and development business in Africa. The principal business of the Company is the development of the Bisha Project in Eritrea, located in northeast Africa. The Company conducted drill test in the southwest strike extension of Harena, which displays similar gravity and EM signatures to Harena. Continue reading
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