Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report)’s stock price shot up 1.3% on Thursday . The company traded as high as $0.7351 and last traded at $0.70. 6,591 shares were traded during trading, a decline of 34% from the average session volume of 10,014 shares. The stock had previously closed at $0.6910.
Nickel Industries Stock Performance
The business’s 50-day moving average is $0.59 and its two-hundred day moving average is $0.51.
Nickel Industries Company Profile
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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