Noront Resources (CVE:NOT) Shares Up 0.9%

Noront Resources Ltd. (CVE:NOT) shares shot up 0.9% during mid-day trading on Monday . The stock traded as high as C$1.08 and last traded at C$1.08. 686,461 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,213,484 shares. The stock had previously closed at C$1.07.
The stock’s 50-day simple moving average is C$0.93. The firm has a market cap of C$490.35 million and a PE ratio of -7.04.
Noront Resources (CVE:NOT) last released its earnings results on Thursday, November 18th. The company reported C($0.11) earnings per share for the quarter.
Noront Resources Company Profile (CVE:NOT)
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.