Nickel Mines (OTCMKTS:NICMF) Lifted to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Nickel Mines (OTCMKTS:NICMF) from a hold rating to a buy rating in a research report sent to investors on Monday, The Fly reports.

Shares of OTCMKTS NICMF opened at $0.91 on Monday. Nickel Mines has a twelve month low of $0.00 and a twelve month high of $2.00. The firm has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.68.

About Nickel Mines

Nickel Mines Limited produces and sells nickel pig iron used in the production of stainless steel. It holds an 80% interest in the Hengjaya Mineralindo Nickel Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi, Indonesia. It also holds 80% interest in Ranger Nickel project.

See Also: Arbitrage

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