Short Interest in Newcore Gold Ltd. (OTCMKTS:NCAUF) Declines By 49.9%

Newcore Gold Ltd. (OTCMKTS:NCAUFGet Rating) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 17,700 shares, a drop of 49.9% from the March 31st total of 35,300 shares. Based on an average daily volume of 45,700 shares, the days-to-cover ratio is presently 0.4 days.

Shares of NCAUF stock opened at $0.37 on Friday. The stock has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.41. Newcore Gold has a 1-year low of $0.33 and a 1-year high of $0.61.

Newcore Gold Company Profile (Get Rating)

Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. It holds 100% interest in the Enchi gold project covering 216 square kilometers located in southwest Ghana. The company was formerly known as Pinecrest Resources Ltd.

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