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Nevsun Resources (NYSEMKT:NSU) has been upgraded from Neutral to Outperform in a statement by Macquarie Research earlier today.

Boasting a price of $2.44, Nevsun Resources (NYSEMKT:NSU) traded 3.90% higher on the day. With the last stock price close down -15.88% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Nevsun Resources has recorded a 50-day average of $2.48 and a two hundred day average of $2.53. Volume of trade was up over the average, with 970,044 shares of NSU changing hands over the typical 724,517

Macquarie Research has upgraded Nevsun Resources (NYSEMKT:NSU) from Neutral to Outperform in a statement released on 11/13/2017.

Performance Chart

Nevsun Resources (NYSEMKT:NSU)

With a total market value of $0, Nevsun Resources has with a one year low of $1.96 and a one year high of $3.52 .

Brief Synopsis About Nevsun Resources (NYSEMKT:NSU)

Nevsun Resources Ltd. is a base metals company. The Company's two principal properties are the Timok Project in Serbia, which hosts the copper-gold Cukaru Peki deposit on the Brestovac-Metovnica Exploration Permit (the B-M Permit) and the Bisha Property in Eritrea, which hosts the copper-zinc-gold Bisha deposit and includes satellite volcanogenic massive sulphides (VMS) deposits at Harena, Northwest, Hambok and Asheli. The Company's principal mining operation is the Bisha Mine, which is located on the Bisha Property. The Timok Project is located in eastern Serbia near the Bor Mining and Smelting complex. The Timok project is located within the central zone of the Timok Magmatic Complex (TMC), in the Serbian section of the East European Carpathian-Balkan Arc. In addition, the Company owns the New Mogoraib River Exploration License, which covers an area of 630 square kilometers and the Tabakin Exploration License covering 184 square kilometers both adjacent to the Bisha Mining License.

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