Noront Resources (CVE:NOT) Stock Price Down 0.5% – Time to Sell?

Noront Resources Ltd. (CVE:NOT) dropped 0.5% 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 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 Price Performance

The firm has a market capitalization of C$612.18 million and a PE ratio of -7.20. The company has a 50-day moving average price of C$1.09 and a 200-day moving average price 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.