Dion Ellis was found with a gunshot wound to his head on Stuyvesant Avenue around 12:45 a.m., the Mercer County Prosecutor's Office said.
A second victim, also 16, was rushed to the hospital with a gunshot wound to his leg, and reportedly in stable condition as of Monday.
Anyone with information is asked to contact HTF Detective Shawn Bruton at 609-989-6406. Tips can also be emailed to mchtftips@mercercounty.org.
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