Nevada King Gold (CVE:NKG) Shares Down 4.2% - Here's Why

Nevada King Gold Corp. (CVE:NKG - Get Free Report)'s stock price fell 4.2% during mid-day trading on Monday . The company traded as low as C$0.23 and last traded at C$0.23. 60,000 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 141,112 shares. The stock had previously closed at C$0.24.

Nevada King Gold Stock Performance

The business has a 50 day moving average price of C$0.26 and a 200-day moving average price of C$0.27. The company has a market capitalization of C$89.91 million, a price-to-earnings ratio of -3.81 and a beta of 1.57.

Insider Transactions 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 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 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.