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Nevada King Gold (CVE:NKG) Shares Down 22% - Here's What Happened

Nevada King Gold logo with Basic Materials background

Nevada King Gold Corp. (CVE:NKG - Get Free Report) traded down 22% during trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.16. 4,695,513 shares changed hands during mid-day trading, an increase of 2,498% from the average session 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 market capitalization of C$54.73 million, a price-to-earnings ratio of -2.32 and a beta of 1.57. The stock's 50-day moving average price is C$0.24 and its 200 day moving average price is C$0.27.

Insider Buying and Selling at Nevada King Gold

In other Nevada King Gold news, Director Collin Kettell sold 20,000,000 shares of the business's 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. 33.32% of the stock is owned by insiders.

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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