Nevada King Gold (CVE:NKG - Get Free Report) had its price objective cut by stock analysts at Desjardins from C$90.00 to C$80.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock.
Nevada King Gold Stock Up 3.6%
NKG stock traded up C$0.01 during trading on Wednesday, hitting C$0.15. The company had a trading volume of 83,400 shares, compared to its average volume of 215,318. The firm has a 50-day moving average price of C$0.21 and a 200-day moving average price of C$0.26. Nevada King Gold has a 12 month low of C$0.14 and a 12 month high of C$0.41. The stock has a market cap of C$56.68 million, a price-to-earnings ratio of -2.40 and a beta of 1.57.
Insiders Place Their Bets
In related news, Director Collin Kettell sold 20,000,000 shares of Nevada King Gold stock in a transaction on Monday, April 7th. The stock was sold at an average price of C$0.25, for a total transaction of C$5,000,000.00. Company insiders own 33.32% of the company's stock.
Nevada King Gold Company Profile
(
Get Free Report)
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.
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