Nickel Industries (OTCMKTS:NICMF) Trading 0.1% Higher – Time to Buy?

Nickel Industries Limited (OTCMKTS:NICMFGet Free Report) shares were up 0.1% during mid-day trading on Tuesday . The stock traded as high as $0.5385 and last traded at $0.5385. Approximately 1,500 shares changed hands during trading, a decline of 84% from the average daily volume of 9,120 shares. The stock had previously closed at $0.5378.

Nickel Industries Stock Up 0.1%

The stock has a fifty day moving average of $0.47 and a 200 day moving average of $0.47.

About Nickel Industries

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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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