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 > Crazy Week for NVO

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Post by AlwaysLong683on Jun 17, 2022 5:52pm

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Post# 34765890

Crazy Week for NVO

Large, wild swings in the share price this week suggest there was a lot of speculation, day-trading, and shorter-participation in this stock this week:

Closed last Friday at 0.66.

Two press release updates on Tuesday.

After the last four trading sessions ended in double-digit price swings, the bottom line is NVO closed today at 0.53 for a one-week loss of 19.7%.

So, is this stock an even bigger bargain than it was before, or is it going lower? My guess is the latter.

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