Shares of Nevada King Gold Corp. (CVE:NKG - Get Free Report) dropped 22% during 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 Stock Performance
The company's 50 day moving average price is C$0.25 and its 200 day moving average price is C$0.27. The company has a market cap of C$56.68 million, a price-to-earnings ratio of -2.40 and a beta of 1.57.
Insider Activity
In other Nevada King Gold news, Director Collin Kettell sold 20,000,000 shares of the business's stock in a transaction on Monday, April 7th. The shares were 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
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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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