Nickel Mines (OTCMKTS:NICMF) Raised to “Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Nickel Mines (OTCMKTS:NICMF – Get Rating) from a hold rating to a buy rating in a research report released on Thursday, The Fly reports.

OTCMKTS NICMF opened at $0.95 on Thursday. The business’s 50 day moving average is $1.00 and its two-hundred day moving average is $0.95. Nickel Mines has a 12-month low of $0.01 and a 12-month high of $1.29.

Nickel Mines Company Profile (Get Rating)

Nickel Mines Limited engages in nickel ore mining and nickel pig iron production operations in Singapore and Indonesia. The company holds an 80% interest in the Hengjaya Mine that covers an area of 5,983 hectares located in the Morowali Regency of Central Sulawesi; 80% interest in the Ranger Nickel project; and 70% interest in the Angel Nickel project.

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