Nickel Industries (OTCMKTS:NICMF) Trading Up 0.8% – Still a Buy?

Nickel Industries Limited (OTCMKTS:NICMFGet Free Report)’s stock price rose 0.8% on Wednesday . The stock traded as high as $0.6150 and last traded at $0.6150. Approximately 1,600 shares were traded during trading, a decline of 80% from the average daily volume of 8,200 shares. The stock had previously closed at $0.61.

Nickel Industries Stock Performance

The stock has a 50-day simple moving average of $0.52 and a 200 day simple moving average of $0.49.

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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