Nevada King Gold Corp. (CVE:NKG - Get Free Report) shares were up 20% during trading on Thursday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 723,788 shares were traded during trading, an increase of 227% from the average daily volume of 221,421 shares. The stock had previously closed at C$0.15.
Analyst Ratings Changes
Separately, Desjardins reduced their price objective on shares of Nevada King Gold from C$90.00 to C$80.00 and set a "buy" rating for the company in a report on Wednesday.
Get Our Latest Report on NKG
Nevada King Gold Price Performance
The firm has a market capitalization of C$66.46 million, a P/E ratio of -2.82 and a beta of 1.57. The firm's fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.26.
Insiders Place Their Bets
In other 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 value of C$5,000,000.00. 33.32% of the stock is currently 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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