Novo Resources Corp (CNSX: NVO), a base metal mining stock, is featured as today’s top momentum gainer since it gained more than 13% during the last two consecutive trading days with significant numbers of shares changing hands. During the previous trading session, NVO was among the top gainers in the Canadian diversified mining space after gaining 13.7% and closed at its 52-week high of C$1.49 while recording significant volumes of 110,990 shares. During the last 5-trading sessions, NVO surged 39.2% recording daily average volumes of 85,832 shares, while the stock accumulated over 66% during the past one month with 30-day average volumes of 52,753 shares. Recently, NVO entered into an agreement with the Creasy Group controlled by Mark Gareth Creasy pursuant to which Novo will acquire a 70% interest in 103 separate tenements and tenement applications located in the Pilbara region of Western Australia and related mining information, and will also acquire the shares of Conglomerate Gold Exploration Pty Limited.
Company Description:
Novo Resources Corp (CNSX: NVO) evaluates, acquires, explores, and develops natural resource properties. The company presently has an option to acquire an interest in an exploration property situated in south-central British Columbia.
1-Year Stock Chart:
Source: Bloomberg
