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Nevada King Gold (CVE:NKG) Shares Down 22% - Time to Sell?

Nevada King Gold logo with Basic Materials background

Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s share price was down 22% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares were traded during mid-day 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 Performance

The stock has a market cap of C$56.68 million, a price-to-earnings ratio of -2.40 and a beta of 1.57. The business's 50 day moving average is C$0.25 and its 200-day moving average 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 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. Insiders own 33.32% of the company's stock.

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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