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http://www.financialmagazin.com/whats-noront-resources-ltd-upside-after-todays-huge-increase/
The stock of Noront Resources Ltd (CVE:NOT) is a huge mover today! The stock is up 2.11% or $0.01 after the news, hitting $0.485 per share. About 152,322 shares traded hands or 16.49% up from the average. Noront Resources Ltd (CVE:NOT) has risen 6.00% since October 17, 2015 and is uptrending. It has outperformed by 9.47% the S&P500.
The move comes after 6 months positive chart setup for the $114.83M company. It was reported on Nov, 16 by Barchart.com. We have $0.97 PT which if reached, will make CVE:NOT worth $114.83 million more.
Noront Resources Ltd. is a Canada-based firm engaged in the development, exploration and acquisition of properties prospective in base and precious metals, including nickel, copper, platinum group elements , chromite, iron, titanium, vanadium, gold and silver. The company has a market cap of $114.83 million. The Firm is focused on the development of its 100% owned Eagle’s Nest deposit, a nickel, copper, platinum and palladium deposit located in the James Bay Lowlands of Ontario (the Eagle’s Nest Project). It currently has negative earnings. The Firm also has a development stage chromite project known as Blackbird; two nickel-copper-platinum group metal discoveries known as Eagle Two and AT-12, and an iron-vanadium-titanium discovery known as Thunderbird.
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