Shares of Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) dropped 7% during trading on Monday . The stock traded as low as $0.5684 and last traded at $0.5684. 1,000 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 7,349 shares. The stock had previously closed at $0.6111.
Nickel Industries Stock Performance
The stock’s 50-day moving average is $0.65 and its two-hundred day moving average is $0.67.
About Nickel Industries
Nickel Industries Limited is an Australia-based resources company focused on the development, construction and operation of battery-grade nickel processing assets in Indonesia. The company’s core business centers on the production of mixed hydroxide precipitate (MHP), a precursor material used in the manufacture of lithium-ion batteries for electric vehicles and energy storage systems.
The company owns and operates two high-pressure acid leach (HPAL) plants in Southeast Sulawesi. Its flagship Hengjaya Nickel project and the Ranger Nickel facility leverage Indonesia’s rich laterite nickel deposits to produce MHP for customers in Asia, Europe and North America.
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