Nexus Gold (CVE:NXS) Trading Up 50% – Time to Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s share price rose 50% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 101,000 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 79,810 shares. The stock had previously closed at C$0.01.

Nexus Gold Price Performance

The company has a current ratio of 0.03, a quick ratio of 0.38 and a debt-to-equity ratio of 14,120.33. The business’s fifty day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The company has a market capitalization of C$454,700.00, a P/E ratio of -0.50 and a beta of 0.73.

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.

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