Novo Resources Corp Can’t Burn Your Short Portfolio. Has Another Weak Session


The stock of Novo Resources Corp (CVE:NVO) is a huge mover today! The stock decreased 8.50% or $0.13 on September 13, hitting $1.4. About 38,399 shares traded hands. Novo Resources Corp (CVE:NVO) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months negative chart setup for the $123.19 million company. It was reported on Sep, 13 by We have $1.26 PT which if reached, will make CVE:NVO worth $12.32 million less.

Novo Resources Corp. is engaged in the business of evaluating, acquiring and exploring natural resource properties. The company has a market cap of $123.19 million. The Company’s exploration and evaluation assets include Beatons Creek, Grant’s Hill, PaleoPlacer, Tuscarora, Blue Spec, Talga, Two Creeks and Mt. It currently has negative earnings. Hayes.

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