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

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

Newcore Gold Stock Performance

Shares of OTCMKTS:NCAUF opened at $0.23 on Friday. The stock’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $0.38. Newcore Gold has a 1-year low of $0.18 and a 1-year 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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