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NSRPF - Novo Resources: Valuation Remains Unattractive After The Drop
Novo Resources Corp
We've seen a strong start to Q4 for the gold juniors (GDXJ), though much of this strength has only served to regain lost ground. While a few of the best juniors have recouped most of their losses and are near reclaiming their 200-day moving averages, some sector laggards are in worse shape, and briefly made new multi-year lows. One of these laggards is Novo Resources (NSRPF), which was one of the few gold juniors to make new 2-year lows during this recent correction and still remains well below its 200-day moving average. Some