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

Newcore Gold Ltd. (OTCMKTS:NCAUFGet Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,780 shares, an increase of 113.2% from the July 30th total of 7,400 shares. Based on an average trading volume of 44,435 shares, the short-interest ratio is presently 0.4 days.

Newcore Gold Price Performance

Shares of NCAUF opened at $0.23 on Monday. The business’s 50 day moving average is $0.24 and its 200 day moving average is $0.38. Newcore Gold has a 12-month low of $0.18 and a 12-month high of $0.68.

Newcore Gold Company Profile

(Get Free Report)

Newcore Gold Ltd. is a Canada-based mineral exploration company focused on the discovery and development of gold resources in West Africa. Headquartered in Halifax, Nova Scotia, the company trades on the OTC Markets under the symbol NCAUF and on the TSX Venture Exchange as NCA. Since its founding, Newcore Gold has pursued a strategy of targeting underexplored greenstone belts with demonstrated gold endowment, leveraging local partnerships and technical expertise to advance its projects from early-stage exploration to resource definition.

The company’s flagship asset is the Enchi Gold Project, located in southwestern Ghana’s Bibiani Greenstone Belt.

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