Nevada King Gold (CVE:NKG) Stock Price Down 26.8% - Should You Sell?

Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s share price dropped 26.8% during mid-day trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 2,715,736 shares changed hands during mid-day trading, an increase of 1,621% from the average daily volume of 157,840 shares. The stock had previously closed at C$0.21.

Nevada King Gold Trading Down 3.4%

The firm's fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.27. The company has a market cap of C$54.73 million, a price-to-earnings ratio of -2.32 and a beta of 1.57.

Insider Activity at Nevada King Gold

In related news, Director Collin Kettell sold 20,000,000 shares of the business'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 currently owned by corporate insiders.

About Nevada King Gold

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.