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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

Bullboard Posts
Post by Eizenbergon Dec 21, 2018 10:08am
129 Views
Post# 29145730

Technical view

Technical viewI am not a shorter, but let's look at the chart on a 5 years scale, the last support was around 0,27 and it broke. Now we are at the next support at 0,25 and it is on the verge on breaking too, if it is the case, the next support will be arounf 0,20. Stock market is bearish and still falling, it does not look good for any stocks. My advice is to look at your risk review and sell when your risk is too high and then buy at a lower discount price. Waiting is not a good idea, you will look at your money fading away in the hope it will rise again and it may take 2 years before it happens. It is always up to you. GLTA and my best wishes.
Bullboard Posts