Noront Resources (CVE:NOT) Trading Down 0.5%

Shares of Noront Resources Ltd. (CVE:NOT – Get Rating) fell 0.5% during mid-day trading on Friday . The stock traded as low as C$1.09 and last traded at C$1.10. 68,388 shares were traded during 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 Price Performance
The company’s 50-day moving average price is C$1.09 and its 200-day moving average price is C$1.09. The company has a market cap 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.