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Nevada King Gold (CVE:NKG) Reaches New 52-Week Low - Time to Sell?

Nevada King Gold logo with Basic Materials background

Shares of Nevada King Gold Corp. (CVE:NKG - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$0.14 and last traded at C$0.15, with a volume of 682100 shares changing hands. The stock had previously closed at C$0.15.

Nevada King Gold Price Performance

The company has a 50-day moving average of C$0.24 and a 200-day moving average of C$0.27. The company has a market cap of C$56.68 million, a PE ratio of -2.40 and a beta of 1.57.

Insiders Place Their Bets

In other 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. Insiders own 33.32% of the company's stock.

About Nevada King Gold

(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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