Nevada King Gold Corp. (CVE:NKG - Get Free Report) traded up 20% during trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.18. 723,788 shares traded hands during trading, an increase of 227% from the average session volume of 221,421 shares. The stock had previously closed at C$0.15.
Wall Street Analyst Weigh In
Separately, Desjardins cut their price target on shares of Nevada King Gold from C$90.00 to C$80.00 and set a "buy" rating on the stock in a report on Wednesday.
Get Our Latest Analysis on NKG
Nevada King Gold Trading Up 13.3%
The company has a 50-day moving average price of C$0.21 and a 200 day moving average price of C$0.26. The stock has a market capitalization of C$66.46 million, a P/E ratio of -2.82 and a beta of 1.57.
Insider Buying and Selling at Nevada King Gold
In other news, Director Collin Kettell sold 20,000,000 shares of the stock in a transaction dated 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 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.
Further Reading
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