Nexus Gold (CVE:NXS) Stock Price Up 50% – Should You Buy?

Nexus Gold Corp. (CVE:NXS) shares shot up 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 123,000 shares were traded 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 Trading Up 50.0 %

The company has a market capitalization of C$682,050.00, a price-to-earnings ratio of -0.75 and a beta of 0.73. The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38.

Nexus Gold Company Profile

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.