Noront Resources (CVE:NOT) Stock Price Down 0.5% – Here’s Why

Noront Resources Ltd. (CVE:NOTGet Free Report)’s share price traded down 0.5% during mid-day trading on Monday . The stock traded as low as C$1.09 and last traded at C$1.10. 68,388 shares were traded during mid-day trading, a decline of 87% from the average session volume of 512,544 shares. The stock had previously closed at C$1.10.

Noront Resources Trading Down 0.5 %

The firm has a market capitalization of C$612.18 million and a P/E ratio of -7.20. The company has a 50 day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.09.

Noront Resources Company Profile

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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.

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