Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Post by B2moiston Nov 23, 2017 2:20pm

262 Views

Post# 27020799

Just an observation

I am new to NVO the past couple months.

What I have noticed is that other than the past two weeks of profit taking/accumulation

(1) Sep11 to Nov7 = 21M shares traded on up-days vs 11M shares traded on down-days.
(2) Since the mayhem started on July 12 there have been 47M shares on up-days and 25M on down-days

Of course this is just my observation from a numbers standpoint for what its worth. But I think there is certainly a lot of oomph behind NVO and still tremendous upside.

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