Shares of Nevada King Gold Corp. (CVE:NKG - Get Free Report) were down 22% on Wednesday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares traded hands during trading, an increase of 2,529% from the average daily volume of 178,603 shares. The stock had previously closed at C$0.21.
Nevada King Gold Trading Down 3.1%
The business has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.27. The stock has a market cap of C$60.59 million, a PE ratio of -2.57 and a beta of 1.57.
Insiders Place Their Bets
In other news, Director Collin Kettell sold 20,000,000 shares of the 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. 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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