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

Noront Resources Ltd. (CVE:NOT) shares were down 0.5% during mid-day trading on Tuesday . The stock traded as low as C$1.09 and last traded at C$1.10. Approximately 68,388 shares traded hands 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 stock has a market capitalization of C$612.18 million and a P/E ratio of -7.20. The business has a fifty day simple moving average of C$1.09 and a 200-day simple moving average of C$1.09.

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. The company was formerly known as White Wing Resources Inc and changed its name to Noront Resources Ltd. in July 1983. Noront Resources Ltd.