Noront Resources (CVE:NOT) Stock Price Down 0.5% – Here’s What Happened

Noront Resources Ltd. (CVE:NOT) traded down 0.5% on Tuesday . The stock traded as low as C$1.09 and last traded at C$1.10. 68,388 shares traded hands during trading, a decline of 87% from the average session volume of 512,544 shares. The stock had previously closed at C$1.10.

Noront Resources Stock Performance

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

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.