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Nouveau Monde Graphite Inc V.NOU

Alternate Symbol(s):  NMG

Nouveau Monde Graphite Inc. is a Canada-based company, which is specialized in the exploration, evaluation and development of mineral properties located in Quebec. It is focused on developing a fully integrated source of carbon-neutral battery anode material in Quebec, Canada. The Company’s projects include Phase-2 Matawinie Mine, Becancour Battery Material Plant projects and Lac Gueret property. The Company owns a 100% interest in the Matawinie graphite property located in Saint-Michel-des-Saints, 150 kilometers (km) north of Montreal, Quebec. The project produces approximately 103,328 tons per annum (tpa) of high-purity flake graphite concentrate. Its Battery Materials Plant projects is located in an industrial park and near a shipping port in Becancour, Quebec, approximately 150 km northeast of Montreal, on the Saint Lawrence River. The Company owns the 100% of the rights to the Lac Gueret property, which consists of 74 map-designated claims totaling 3,999.52 hectares.


TSXV:NOU - Post by User

Comment by SmilingDogon Nov 27, 2020 12:03pm
106 Views
Post# 31989484

RE:How Many More Shares?

RE:How Many More Shares?

We might find lasting support at $0.57. It marks the 26-day EMA. It intersects the stock's linear uptrend. It fills a "gap". So three points of technical support. I've been adding at this level of the last two days. But definitely leaving room just in case we take another leg lower. Either way, I have no doubt the stock will be much higher than today's level at some point in the near/medium future. 

$120M is way too low of a valuation for the most advanced rock to anode graphite project in North America, which has the Quebec gov as one of its largest shareholders, Pallinghurst up there as well, and is actively in talks with off-takers in NA in EU. 

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