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Nevsun Resources Ltd. (NSU) in Focus: Stock Surges 10.9% - Tale of the Tape

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Nevsun Resources Ltd. ( NSU ) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 27.61% since Nov 6, 2014.

The company has seen three positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Nevsun Resources currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the broad basic materials sector include Dominion Diamond Corporation ( DDC ), Kronos Worldwide, Inc. ( KRO ) and Valhi, Inc. ( VHI ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NEVSUN RESOURCS (NSU): Free Stock Analysis Report

DOMINION DIAMND (DDC): Free Stock Analysis Report

KRONOS WORLDWD (KRO): Free Stock Analysis Report

VALHI INC (VHI): Get Free Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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