Newcore Gold Ltd. (OTCMKTS:NCAUF – Get Rating) saw a large decrease in short interest in December. As of December 30th, there was short interest totalling 61,100 shares, a decrease of 46.3% from the December 15th total of 113,800 shares. Based on an average daily volume of 40,400 shares, the short-interest ratio is currently 1.5 days.
Newcore Gold Price Performance
NCAUF remained flat at $0.20 during trading on Wednesday. 7,800 shares of the company's stock traded hands, compared to its average volume of 42,745. The company has a 50-day moving average price of $0.16 and a 200-day moving average price of $0.18. Newcore Gold has a fifty-two week low of $0.13 and a fifty-two week high of $0.45.
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Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. It holds 100% interest in the Enchi gold project covering 216 square kilometers located in southwest Ghana, as well as holds seven prospecting licenses.Further Reading
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