Nickel Industries (OTCMKTS:NICMF) Trading 0.1% Higher – Still a Buy?

Nickel Industries Limited (OTCMKTS:NICMFGet Free Report) shares shot up 0.1% during trading on Tuesday . The company traded as high as $0.5385 and last traded at $0.5385. 1,500 shares were traded during mid-day trading, a decline of 84% from the average session volume of 9,120 shares. The stock had previously closed at $0.5378.

Nickel Industries Price Performance

The firm has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.47.

Nickel Industries Company Profile

(Get Free Report)

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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