Newcore Gold Ltd. (OTCMKTS:NCAUF – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 14,876 shares, a growth 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 Trading Up 2.2%
Shares of NCAUF traded up $0.01 during mid-day trading on Tuesday, reaching $0.37. 715 shares of the company’s stock were exchanged, compared to its average volume of 124,251. Newcore Gold has a 52-week low of $0.33 and a 52-week high of $0.68. The company has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.48.
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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