Newcore Gold Ltd. (OTCMKTS:NCAUF – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 29,242 shares, a growth of 101.5% from the September 15th total of 14,512 shares. Based on an average daily trading volume, of 109,942 shares, the days-to-cover ratio is currently 0.3 days.
Newcore Gold Price Performance
Newcore Gold stock remained flat at $0.22 during trading hours on Wednesday. 7,234 shares of the company’s stock traded hands, compared to its average volume of 96,656. The business’s 50-day simple moving average is $0.24 and its 200-day simple moving average is $0.31. Newcore Gold has a 12 month low of $0.18 and a 12 month high of $0.66.
Newcore Gold Company Profile
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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