Nikola Corp. Stock Falls Wednesday, Underperforms Market

Gold Line Resources Ltd

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Based in Canada

Company profile

Gold Line Resources Ltd. is a Canada-based company. The Company’s principal business activity is the acquisition and exploration of mineral property interests, particularly in Sweden and Finland. It holds a portfolio of advanced and early stage gold exploration properties in Sweden and Finland, including the Oijarvi Project, which includes the Kylmakangas deposit, in the Oijarvi Greenstone Belt of Finland; the Solvik Gold Project, located in Sweden, the Kankberg Norra property in the Skelleftea Belt , and the Langtjarn property (comprised of the Stojuktan North and Storjuktan South licences), the Blabarliden property, and the Paubacken property, all located within the Gold Line Mineral Belt, in Sweden. The Langtjarn property is a 22,336-hectare license package located at the northern end of the Gold Line Mineral Belt of North Central Sweden. The Blabarliden property consists of a 3,806-hectare license package. The Paubacken property consist of 16,724-hectare licensed package.

Nikola Corp. Stock Falls Wednesday, Underperforms Market

5:12 pm ET November 9, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Nikola Corp. (NKLA) slipped 9.22% to $2.56 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.48% to 10,353.17 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's third consecutive day of losses. Nikola Corp. closed $12.24 below its 52-week high ($14.80), which the company reached on November 11th.

The stock underperformed when compared to some of its competitors Wednesday, as Paccar Inc. (PCAR) fell 0.79% to $99.76 and Oshkosh Corp. (OSK) fell 2.00% to $86.81. Trading volume (14.4 M) eclipsed its 50-day average volume of 13.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 17:12 ET (22:12 GMT)