Nevada King Gold (CVE:NKG) Stock Price Down 22% - Here's What Happened

Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s share price fell 22% during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. 4,695,513 shares traded hands during mid-day trading, an increase of 2,498% from the average session volume of 180,729 shares. The stock had previously closed at C$0.21.

Nevada King Gold Trading Down 9.4%

The company has a market capitalization of C$56.68 million, a PE ratio of -2.40 and a beta of 1.57. The firm's 50-day simple moving average is C$0.25 and its 200-day simple moving average is C$0.27.

Insider Buying and Selling at Nevada King Gold

In other news, Director Collin Kettell sold 20,000,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were 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 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.