Newcore Gold Ltd. (OTCMKTS:NCAUF) Sees Significant Growth in Short Interest

Newcore Gold Ltd. (OTCMKTS:NCAUF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 14,300 shares, a growth of 615.0% from the December 15th total of 2,000 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 1.3 days.

Shares of NCAUF traded down $0.01 during trading hours on Friday, hitting $0.40. The company’s stock had a trading volume of 5,682 shares, compared to its average volume of 17,260. The business has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.44. Newcore Gold has a 52-week low of $0.35 and a 52-week high of $0.61.

About Newcore Gold

Newcore Gold Ltd. operates as an exploration company. The firm engages in the acquisition, exploration, evaluation and development of mineral properties. It holds interests in the Enchi Gold project, located in Ghana. The company was founded on January 18, 2010 and is headquartered in Vancouver, Canada.

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