Connect with us

Nevada

Nevada Copper (TSE:NCU) Trading Down 4.3%

Published

on

Nevada Copper (TSE:NCU) Trading Down 4.3%



Nevada Copper Corp. (TSE:NCU – Get Free Report)’s share price was down 4.3% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 122,148 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 327,626 shares. The stock had previously closed at C$0.12.

Nevada Copper Price Performance

The stock has a market cap of C$157.30 million, a P/E ratio of -1.38 and a beta of 2.76. The company has a quick ratio of 0.01, a current ratio of 0.17 and a debt-to-equity ratio of 95.26. The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.11.

Nevada Copper (TSE:NCU – Get Free Report) last released its quarterly earnings data on Tuesday, April 2nd. The mining company reported C($0.01) EPS for the quarter. The company had revenue of C$6.22 million for the quarter. Sell-side analysts expect that Nevada Copper Corp. will post 0.0235849 EPS for the current year.

Advertisement

Nevada Copper Company Profile

(Get Free Report)

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, silver and iron magnetite ores. It holds 100% interests in the Pumpkin Hollow Copper property that consist of approximately 28.8 square-mile land patented claims located in Yerington, Nevada.

Recommended Stories



Advertisement

Receive News & Ratings for Nevada Copper Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nevada Copper and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Advertisement

Nevada

Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town

Published

on

Billionaire Tax Refugees Flock to Ritzy Nevada Lake Town


Naveen Rao, a longtime California resident, ascended to a rarefied tier of wealth last year when his startup, Unconventional AI, was valued at $4.5 billion. The company is based in Palo Alto, but with the specter of anew tax on billionaireslooming over the state, Rao began considering other …



Source link

Continue Reading

Nevada

EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade

Published

on

EDITORIAL: Nevada hurt by California’s anti-fossil fuel crusade


California Gov. Gavin Newsom won’t admit it, but a move by President Donald Trump is especially helpful to drivers in California — and Nevada.

Gasoline prices are pressuring consumers around the country. On Friday, the average U.S. price was $4.55 a gallon. In California, that would be a bargain. The average there was $6.16 a gallon. Nevada’s average was $5.23 a gallon, the result of around 88 percent of the state’s gasoline coming from California.

It might be getting worse — regardless of what happens in Iran.

In recent months, two major California refineries have shut down. That represented a 17 percent reduction in California’s refining capacity. Their closures weren’t caused by the Iran war, but by Gov. Newsom and California’s relentless attacks on fossil fuels.

Advertisement

To make up for the fuel it won’t extract or refine in-state, California depends on imports from foreign countries.

“We are importing 30 percent of our crude oil from the Middle East,” Mike Ariza, a former control board supervisor at the Valero Benicia Refinery, said in an interview. He has been warning the public about California’s potential fuel shortage. “There are not very many ships left on the way that have fuel,” he said last month.

Last week, KCRA-TV in Sacramento reported that “about 2 million barrels of oil are in the process of being unloaded in Long Beach off of the last California-bound tanker that got through the Strait of Hormuz.”

At a California legislative hearing Tuesday, Siva Gunda, the vice chairman of the California Energy Commission, said the state has enough gasoline to accommodate demand for the next six weeks. That’s not a very long time, especially given that it takes weeks or months for oil to travel from the Middle East to California. And that process won’t begin until the Strait of Hormuz reopens.

There is a region, however, with abundant oil available for sale and safe passage — the southeastern United States. Unfortunately, the Jones Act, an antiquated 1920 law, mandates that only U.S.-flagged ships may move cargo between U.S. ports. But only 55 of the more than 7,000 oil tankers worldwide comply with this requirement.

Advertisement

This is where Mr. Trump rode to the rescue. Late last month, the White House announced Mr. Trump would suspend the Jones Act for another 90 days. In March, he originally waived it for 60 days. This will make it easier for California and Nevada to obtain domestic product.

If only Mr. Trump could also suspend the destructive energy policies imposed by Gov. Newsom and California Democrats.



Source link

Advertisement
Continue Reading

Nevada

Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday

Published

on

Nevada SPCA brings adoptable pet to spotlight for Furever Home Friday


An adoptable pet is in the spotlight for “Furever Home Friday,” with Amy from the Nevada SPCA featured in a segment highlighting an animal available for adoption today.

The Nevada SPCA encouraged viewers looking to add a pet to their family to consider adopting.



Source link

Continue Reading
Advertisement

Trending