Nevada King Gold (CVE:NKG) Sets New 12-Month Low - Here's What Happened

Nevada King Gold Corp. (CVE:NKG - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 265053 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

Separately, Desjardins cut their target price on Nevada King Gold from C$90.00 to C$80.00 and set a "buy" rating on the stock in a research note on Wednesday.

Nevada King Gold Price Performance

The company has a market capitalization of C$66.46 million, a P/E ratio of -2.82 and a beta of 1.57. The company has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.26.

Insider Buying and Selling

In other Nevada King Gold news, Director Collin Kettell sold 20,000,000 shares of Nevada King Gold stock in a transaction that occurred 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. 33.32% of the stock is owned by insiders.

Nevada King Gold Company Profile

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.