It is an excellent recovery, but this may not be specific to Noront. I have noticed that other growth stocks I am following (ie pbg,tim) dropped to their 200 ma early this week and are now recovering very strongly. Noront dropped near its 200 ma on Tuesday (low=2.53 200ma=2.38).

The strong recovery at this time may be simply the market recovering value in the growth stocks. Though I am certainly hoping for a nr to boost the price in the near future.