Jean-Yves Therien Sells 604,304 Shares of Nippon Dragon Resources Inc (NIP) Stock

Nippon Dragon Resources Inc (CVE:NIP) insider Jean-Yves Therien sold 604,304 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of C$0.02, for a total transaction of C$12,086.08.

Shares of CVE NIP remained flat at $C$0.02 during mid-day trading on Friday. 16,000 shares of the stock were exchanged, compared to its average volume of 66,979. Nippon Dragon Resources Inc has a 52-week low of C$0.02 and a 52-week high of C$0.07. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 59.84.

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Nippon Dragon Resources Company Profile

Nippon Dragon Resources Inc explores for and develops mineral properties in Canada. It owns a 100% interest in the Rocmec 1 gold project, which is located in Dasserat Township, Quebec. The company also holds interests in the Courville-Maruska project, which is located in Courville Township, Quebec; and the Denain project that is located in Val d'Or, Quebec.

Further Reading: What does cost of debt say about a company’s financial health?

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