Newcore Gold Ltd. (OTCMKTS:NCAUF – Get Free Report) was the recipient of a significant 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 short-interest ratio is currently 0.1 days.
Newcore Gold Trading Up 5.9%
Shares of OTCMKTS NCAUF traded up $0.02 during mid-day trading on Monday, reaching $0.39. The company had a trading volume of 10,750 shares, compared to its average volume of 124,251. The business’s 50-day moving average is $0.42 and its 200-day moving average is $0.48. Newcore Gold has a 52 week low of $0.33 and a 52 week 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.
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