Nickel Industries (OTCMKTS:NICMF) Trading Up 0.8% – Here’s Why

Nickel Industries Limited (OTCMKTS:NICMF) shares traded up 0.8% during mid-day trading on Wednesday . The company traded as high as $0.6150 and last traded at $0.6150. 1,600 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 8,200 shares. The stock had previously closed at $0.61.

Nickel Industries Stock Performance

The business’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.49.

About Nickel Industries

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.