Short Interest in Newcore Gold Ltd. (OTCMKTS:NCAUF) Declines By 29.9%

Newcore Gold Ltd. (OTCMKTS:NCAUF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 12,900 shares, a decline of 29.9% from the December 15th total of 18,400 shares. Based on an average daily trading volume, of 83,000 shares, the days-to-cover ratio is presently 0.2 days.

Newcore Gold Stock Performance

NCAUF stock traded up $0.00 during trading hours on Wednesday, hitting $0.22. The company’s stock had a trading volume of 6,500 shares, compared to its average volume of 13,744. The stock has a 50 day moving average price of $0.22 and a two-hundred day moving average price of $0.23. Newcore Gold has a 12 month low of $0.07 and a 12 month high of $0.28.

Newcore Gold Company Profile

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