Markets

Pure Nickel Set to Depart U.S. Markets, Will Keep TSX Listing; Reports $204K Net Loss

Pure Nickel Inc (NIC.TO) will soon voluntarily deregister its common stock from the U.S. markets, citing low trading volumes as well as rising reporting costs. According to the company, U.S. volume -- on average -- represented no more than 5% of the stock's overall daily volume during the past 12 months. Pure Nickel will retain its TSX listing.

The company also reported a $204,101 net loss during the three months ended Aug. 31, in line with expectations but topping the $117,517 net loss in the year-ago quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos