Chile-focused copper miner Nobel Resources makes TSXV debut
Algarrobo project. Image from Nobel Resources.
Nobel Resources Corp., formerly known as Novo Capital Corp., has made its debut on the TSX Venture Exchange under the symbol NBLC, opening Tuesday’s session at C$0.55 a share after gaining 37% during pre-market trading.
By 12:40 p.m. EST, Nobel’s shares were trading at C$0.51 with more than 65.7 million shares listed, giving the company a market capitalization of about C$33.52 million. Some 477,000 shares had been traded by that time.
Sign Up for the Copper Digest
Sign Up
Nobel is presently looking to develop the Algarrobo copper project in Chile, located in the southern Atacama Desert, with the city of Copiapo located approximately 43 km to the southeast and the port at Caldera 25 km to the east. The property comprises a total of 6,710 hectares.