Noront Resources (CVE:NOT) Shares Down 0.5%

Noront Resources Ltd. (CVE:NOT – Get Rating) was down 0.5% on Friday . 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 Stock Performance

The firm has a 50-day moving average of C$1.09 and a 200-day moving average of C$1.09. The firm has a market capitalization of C$612.18 million and a P/E ratio of -7.20.

About Noront Resources

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.