Nevada King Gold Corp. (CVE:NKG - Get Free Report) dropped 22% on Wednesday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares were traded during mid-day trading, an increase of 2,498% from the average daily volume of 180,729 shares. The stock had previously closed at C$0.21.
Nevada King Gold Stock Performance
The company's 50-day moving average price is C$0.24 and its two-hundred day moving average price is C$0.27. The company has a market cap of C$56.68 million, a P/E ratio of -2.40 and a beta of 1.57.
Insider Activity
In other news, Director Collin Kettell sold 20,000,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of C$0.25, for a total value of C$5,000,000.00. 33.32% of the stock is currently owned by corporate insiders.
Nevada King Gold Company Profile
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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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