Business
Why the New Century (ASX:NCZ) share price shot up today
The New Century Resources Ltd (ASX: NCZ) share price rose today following the company announcing the completion of its retail entitlement offer. The Zinc miner announced its intention to raise money in early November. The New Century share price closed 4.55% higher on the news, reaching a price of 23 cents.
The news comes on the back of a very strong month for the company. Since the start of November the New Century share price has gained an impressive 50%.
Aside from its recent appreciation in price, it has not been a year to remember for shareholders however. with shares in the company declining by around 17% in the last year.
What does New Century do?
New Century is a Zinc miner located in Australia. The company’s primary mine…
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