Newcore Gold Ltd. (OTCMKTS:NCAUF – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 14,512 shares, a growth of 161.4% from the August 31st total of 5,552 shares. Based on an average daily trading volume, of 86,583 shares, the short-interest ratio is presently 0.2 days.
Newcore Gold Stock Down 2.3%
Shares of NCAUF stock opened at $0.25 on Tuesday. Newcore Gold has a 12-month low of $0.18 and a 12-month high of $0.66. The business’s fifty day simple moving average is $0.23 and its 200-day simple moving average is $0.33.
About Newcore Gold
Newcore Gold Ltd. is a Canadian mineral exploration and development company focused on advancing gold assets in Ghana, West Africa. Its principal asset is the Enchi Gold Project, located in southwestern Ghana within the prolific West African Birimian gold belt.
The Enchi project covers a large land package and includes multiple known gold prospects and deposits. Newcore’s activities include geological mapping, geochemical and geophysical surveys, drilling, resource evaluation, and other exploration and development work intended to assess the project’s potential for future gold production.
The company was formerly known as Pinecrest Resources Ltd.
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