Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s stock price fell 22% during trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.16. 4,695,513 shares traded 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 stock 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 simple moving average is C$0.24 and its 200 day simple moving average is C$0.27.
Insider Activity
In other 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 transaction of C$5,000,000.00. 33.32% of the stock is owned by 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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