Stock Track | Nickel Industries Soars 5.10% Intraday on Strong EBITDA Results and Strategic Investment Decision

Stock Track
Jun 17

Nickel Industries Ltd's stock soared 5.10% during intraday trading on Wednesday, driven by positive financial results and strategic business decisions announced by the company.

The company reported that its combined adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from operations for April and May 2026 was approximately $80 million. Additionally, Nickel Industries announced it will not proceed with an investment in the ONI matte converter, citing stronger margins and carbon benefits of using high-pressure acid leach technology for class-1 nickel supply.

Further positive developments include the refund of a $15 million option fee by its largest shareholder, Shanghai Decent, and the expectation to receive around $70 million in distributions by early July. These announcements collectively contributed to the significant stock price increase during the trading session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10