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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

Post by Eizenbergon Apr 25, 2023 7:11pm
218 Views
Post# 35413543

Going nowhere but down

Going nowhere but downSince Nou has been trading on the market, it has a real tendancy to slowly keep going down. The spread between the bid & ask is so big and there are almost no volume, it is so frustrating. Still no mass production and the becancour factory is not done yet. The lesson here for me is to sell when it goes up because it will probably keep dropping after that. I hope it will not go down to $2.50 CAD again ($0.25 CAD before the split). 
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