Nevada King Gold (CVE:NKG) Trading Down 29.3% - Should You Sell?

Nevada King Gold Corp. (CVE:NKG - Get Free Report) shares fell 29.3% during mid-day trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. 3,031,762 shares traded hands during trading, an increase of 1,739% from the average session volume of 164,882 shares. The stock had previously closed at C$0.21.

Nevada King Gold Stock Performance

The company has a 50 day moving average of C$0.24 and a 200-day moving average of C$0.27. The stock has a market cap of C$54.73 million, a price-to-earnings ratio of -2.32 and a beta of 1.57.

Insiders Place Their Bets

In related news, Director Collin Kettell sold 20,000,000 shares of the firm's stock in a transaction that occurred 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 company insiders.

Nevada King Gold Company Profile

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.