Nexus Gold (CVE:NXS) Trading Up 50% – Still a Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s share price shot up 50% during trading on Saturday . The company traded as high as C$0.02 and last traded at C$0.02. 123,000 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 90,489 shares. The stock had previously closed at C$0.01.

Nexus Gold Stock Performance

The stock has a market cap of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73. The firm has a 50 day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The company has a debt-to-equity ratio of 14,120.33, a quick ratio of 0.38 and a current ratio of 0.03.

Nexus Gold Company Profile

(Get Free Report)

Nexus Gold Corp. engages in the exploration and evaluation of mineral properties in West Africa. The company explores for gold deposits. It holds a 100% interest in Dakuli II Property which covers an area of 9,800 hectares located in the Burkina Faso, West Africa. The company also has an option to acquire 90% interests in the Fofora Gold Property covering approximately an area of 6,200 hectares located in the Burkina Faso, West Africa.

Further Reading

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