Newcore Gold Ltd. (OTCMKTS:NCAUF) Short Interest Up 93.2% in May

Newcore Gold Ltd. (OTCMKTS:NCAUF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 14,876 shares, an increase of 93.2% from the May 14th total of 7,699 shares. Based on an average daily volume of 103,337 shares, the days-to-cover ratio is currently 0.1 days.

Newcore Gold Stock Performance

Shares of OTCMKTS:NCAUF traded up $0.02 during midday trading on Friday, hitting $0.37. 7,544 shares of the company’s stock traded hands, compared to its average volume of 125,274. The firm’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.48. Newcore Gold has a twelve month low of $0.33 and a twelve month high of $0.68.

About Newcore Gold

Newcore Gold Ltd. is a Canada-based mineral exploration company focused on the discovery and development of gold resources in West Africa. Headquartered in Halifax, Nova Scotia, the company trades on the OTC Markets under the symbol NCAUF and on the TSX Venture Exchange as NCA. Since its founding, Newcore Gold has pursued a strategy of targeting underexplored greenstone belts with demonstrated gold endowment, leveraging local partnerships and technical expertise to advance its projects from early-stage exploration to resource definition.

The company’s flagship asset is the Enchi Gold Project, located in southwestern Ghana’s Bibiani Greenstone Belt.