Shares of Noront Resources Ltd. (CVE:NOT – Get Free Report) dropped 0.5% on Friday . 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 Down 0.5 %
The company has a market cap of C$612.18 million and a price-to-earnings ratio of -7.20. The firm has a 50 day moving average price of C$1.09 and a two-hundred day moving average price 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.
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