In reponse to recent posts regarding disappointment with NCM's share price performance I've posted a NCM-GDX ratio chart. From late 2020 to early 2021 NCM's performance against GDX has been abismal. My understanding is information regarding a rejected informal takeover offer surfaced around this time.
Since early 2020 over the last 18months the chart basically represents noise, neither under performaing or out performing GDX.
In summary NCM is trading in a loose lock step with GDX. Probably the best we can hope for is increased production.
NCM Price at posting:
$19.15 Sentiment: Hold Disclosure: Held
