Noront Resources Ltd (CVE:NOT) dropped 3.1% during trading on Tuesday . The company traded as low as C$0.16 and last traded at C$0.16, approximately 123,250 shares changed hands during trading. A decline of 35% from the average daily volume of 190,039 shares. The stock had previously closed at C$0.16.
The company has a market capitalization of $70.11 million and a P/E ratio of -6.46. The stock has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.15.
Noront Resources (CVE:NOT) last released its earnings results on Thursday, May 28th. The company reported C($0.02) EPS for the quarter.
Noront Resources Ltd., a resource company, engages in the acquisition, development, and exploration of base and precious metals in Canada. The company explores for nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, silver, and palladium deposits. Its flagship property is the Eagle's Nest project located in the James Bay Lowlands, Ontario.
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