Nevada King Gold (CVE:NKG) Trading 13.3% Higher - What's Next?

Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s stock price traded up 13.3% on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. 653,888 shares changed hands during trading, an increase of 196% from the average session volume of 220,890 shares. The stock had previously closed at C$0.15.

Analysts Set New Price Targets

Separately, Desjardins decreased their target price on Nevada King Gold from C$90.00 to C$80.00 and set a "buy" rating on the stock in a report on Wednesday.

Nevada King Gold Trading Up 13.3%

The firm's 50-day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.26. The stock has a market capitalization of C$66.46 million, a PE ratio of -2.82 and a beta of 1.57.

Insider Transactions at Nevada King Gold

In related news, Director Collin Kettell sold 20,000,000 shares of the company's stock in a transaction 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 insiders.

Nevada King Gold Company Profile

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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