Nickel 28 Capital Corp. (OTCMKTS:CONXF – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 10,000 shares. Based on an average daily volume of 273 shares, the short-interest ratio is presently 36.6 days.
Nickel 28 Capital Stock Down 2.9%
OTCMKTS:CONXF opened at $0.70 on Friday. Nickel 28 Capital has a 12 month low of $0.46 and a 12 month high of $0.93. The company has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.82.
About Nickel 28 Capital
Nickel 28 Capital Corp. is a Canadian battery-metals company focused on gaining exposure to nickel and cobalt, materials used in electric-vehicle batteries, stainless steel and other industrial applications. The company’s principal asset is an interest in the Ramu Nickel-Cobalt operation in Papua New Guinea.
The Ramu operation produces nickel and cobalt through a high-pressure acid leach process and includes mining, processing and related infrastructure. Nickel 28 holds an indirect interest in the project through its investment in the Ramu joint venture, which is operated by a subsidiary of Metallurgical Corporation of China.
The company was formerly known as Conic Metals Corp.
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