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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Post by stocksluiceon Sep 09, 2020 10:21am
167 Views
Post# 31526205

Short term bullish

Short term bullishFor those who may be the least bit interested, I jumped back in yesterday, on the basis of sentiment and technicals. I still think fundamentals have yet to be adequately demonstrated, but I am short term bullish. I'll be maintaining a tight gradually increasing stop loss currently set ~$3.20, just in case there is another general market meltdown, or failing that, some "unanticipated" operational problems with the mill.
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