Shares of Nevada King Gold Corp. (CVE:NKG - Get Free Report) dropped 22% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares traded hands during 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 Down 3.4%
The firm has a 50 day moving average of C$0.24 and a two-hundred day moving average of C$0.27. The firm has a market capitalization of C$54.73 million, a price-to-earnings ratio of -2.32 and a beta of 1.57.
Insider Activity
In related news, Director Collin Kettell sold 20,000,000 shares of the stock in a transaction that occurred on 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.
About Nevada King Gold
(
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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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