Newcore Gold Ltd. (OTCMKTS:NCAUF) Short Interest Up 113.2% in August

Newcore Gold Ltd. (OTCMKTS:NCAUF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 15,780 shares, an increase of 113.2% from the July 30th total of 7,400 shares. Based on an average trading volume of 44,435 shares, the days-to-cover ratio is presently 0.4 days.

Newcore Gold Trading Down 6.3%

OTCMKTS NCAUF traded down $0.02 on Friday, reaching $0.23. 49,931 shares of the stock traded hands, compared to its average volume of 104,440. Newcore Gold has a 12 month low of $0.18 and a 12 month high of $0.68. The company has a fifty day moving average price of $0.24 and a 200-day moving average price of $0.38.

About Newcore Gold

Newcore Gold Ltd. is a Canada-based mineral exploration company focused on the discovery and development of gold resources in West Africa. Headquartered in Halifax, Nova Scotia, the company trades on the OTC Markets under the symbol NCAUF and on the TSX Venture Exchange as NCA. Since its founding, Newcore Gold has pursued a strategy of targeting underexplored greenstone belts with demonstrated gold endowment, leveraging local partnerships and technical expertise to advance its projects from early-stage exploration to resource definition.

The company’s flagship asset is the Enchi Gold Project, located in southwestern Ghana’s Bibiani Greenstone Belt.