What’s Propelling Noront Resources Ltd to Increase So Much?

 What's Propelling Noront Resources Ltd to Increase So Much?

The stock of Noront Resources Ltd (CVE:NOT) is a huge mover today! About 69,601 shares traded hands. Noront Resources Ltd (CVE:NOT) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
The move comes after 8 months positive chart setup for the $74.50 million company. It was reported on Nov, 10 by Barchart.com. We have $0.40 PT which if reached, will make CVE:NOT worth $32.78M more.

More notable recent Noront Resources Ltd (CVE:NOT) news were published by: Business.Financialpost.com which released: “Noront Resources Ltd completes ‘Ring of Fire’ acquisition after winning court …” on April 28, 2015, also Marketwired.com with their article: “Noront Resources Announces Filing of Preliminary Short-Form Prospectus” published on September 08, 2016, Business.Financialpost.com published: “Noront Resources Ltd gets prized Ring of Fire assets in deal with Cliffs …” on March 23, 2015. More interesting news about Noront Resources Ltd (CVE:NOT) were released by: Marketwired.com and their article: “Noront Resources Announces Amended Debt Arrangement With Resource Capital Fund V” published on June 30, 2016 as well as Marketwired.com‘s news article titled: “Noront Resources Announces Closing of $7.86 Million Prospectus Offering” with publication date: September 23, 2016.

Noront Resources Ltd. is 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 $74.50 million. The Firm is focused on development and exploration of its properties in the James Bay Lowlands of Ontario within a geological feature referred to as the Ring of Fire, which has deposits, such as Eagle’s Nest deposit, a high grade nickel, copper, platinum and palladium deposit (the Eagle’s Nest Project); Black Thor, Black Label, Big Daddy and Blackbird Chromite deposits, and McFauld’s Lake copper zinc resource. It currently has negative earnings. In addition, it holds interest, mineral, and exploration rights to approximately 103,030 hectares of ground in Ontario, New Brunswick and Quebec.

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