Short Interest in Newcore Gold Ltd. (OTCMKTS:NCAUF) Grows By 23.5%

Newcore Gold Ltd. (OTCMKTS:NCAUF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 26,300 shares, an increase of 23.5% from the August 15th total of 21,300 shares. Based on an average daily volume of 72,500 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 72,500 shares, the short-interest ratio is currently 0.4 days.

Newcore Gold Trading Up 8.2%

Shares of OTCMKTS:NCAUF opened at $0.58 on Friday. The company’s fifty day moving average price is $0.46 and its 200 day moving average price is $0.44. Newcore Gold has a 12 month low of $0.21 and a 12 month high of $0.60.

About Newcore Gold

Newcore Gold Ltd., a mineral exploration, engages in the acquisition, advancement, and development of 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. The company was formerly known as Pinecrest Resources Ltd.