Noront Resources (CVE:NOT) Trading Down 0.5% – What’s Next?

Noront Resources Ltd. (CVE:NOT)’s stock price dropped 0.5% during trading on Monday . The company traded as low as C$1.09 and last traded at C$1.10. Approximately 68,388 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 512,544 shares. The stock had previously closed at C$1.10.

Noront Resources Price Performance

The company has a fifty day moving average of C$1.09 and a two-hundred day moving average of C$1.09. The stock has a market capitalization of C$612.18 million and a P/E ratio of -7.20.

Noront Resources Company Profile

Noront Resources Ltd., a resource company, engages in the acquisition, development, and exploration of base and precious metals in Canada. It explores for nickel, copper, zinc, platinum group metals, chromite, iron, titanium, vanadium, gold, and silver. The company's flagship property is the Eagle's Nest project located in the James Bay Lowlands, Ontario.