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

Noront Resources Ltd. (CVE:NOT)’s share price was down 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 traded hands during 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 cap of C$612.18 million and a P/E ratio of -7.20. The business has a 50 day simple moving average of C$1.09 and a 200-day simple moving average of C$1.09.

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