I just noticed that the 52 week low changed today to .55 cents. This value will increase for the next two weeks before settling at $2.30 cents which was the closing price on July 9, 2008.
This is important as some investors look at the 52 week spread for the downside risk. With a 52 week low of $2.30 and a high of $7 bucks and change, the current price seems like a steal.
Speaking of a steal, I looked that the share prices for the last 12 months in trying to find the lowest amount and was shocked to see the support we had over $4 and $5 for most of that time. It has only been the last 8 weeks or so that we have been hit with these sub $4 prices.
My message: Things have only improved with Noront so the current price is cheap. Very cheap. Never doubt it. Stay long and prosper.
M1.
New 52 week lows will appear each day until Sept 13