Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s stock price dropped 22% during mid-day trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares changed hands 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 Price Performance
The firm has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.27. The firm has a market cap of C$56.68 million, a P/E ratio of -2.40 and a beta of 1.57.
Insiders Place Their Bets
In other Nevada King Gold news, Director Collin Kettell sold 20,000,000 shares of Nevada King Gold stock in a transaction dated 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. Company insiders own 33.32% of the company's stock.
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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