Nickel 28 Capital Corp. (OTCMKTS:CONXF – Get Free Report) dropped 10.4% during mid-day trading on Wednesday. The stock traded as low as $0.7140 and last traded at $0.7243. Approximately 1,400 shares changed hands during trading, a decline of 84% from the average session volume of 8,917 shares. The stock had previously closed at $0.8084.
Nickel 28 Capital Price Performance
The stock’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $0.84.
Nickel 28 Capital Company Profile
Nickel 28 Capital Corp. is a Canadian battery-metals company focused on gaining exposure to nickel and cobalt, materials used in electric-vehicle batteries, stainless steel and other industrial applications. The company’s principal asset is an interest in the Ramu Nickel-Cobalt operation in Papua New Guinea.
The Ramu operation produces nickel and cobalt through a high-pressure acid leach process and includes mining, processing and related infrastructure. Nickel 28 holds an indirect interest in the project through its investment in the Ramu joint venture, which is operated by a subsidiary of Metallurgical Corporation of China.
The company was formerly known as Conic Metals Corp.
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