Nickel Industries Limited (OTCMKTS:NICMF – Get Free Report) was down 1.8% during trading on Thursday . The stock traded as low as $0.7180 and last traded at $0.7180. Approximately 975 shares were traded during trading, a decline of 88% from the average daily volume of 8,408 shares. The stock had previously closed at $0.7311.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nickel Industries in a report on Monday, February 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.
View Our Latest Stock Analysis on Nickel Industries
Nickel Industries Price Performance
Nickel Industries Company Profile
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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