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

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

Analyst Upgrades and Downgrades

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

Nevada King Gold Trading Up 13.3%

The company has a market capitalization of C$66.46 million, a P/E ratio of -2.82 and a beta of 1.57. The business's fifty day moving average price is C$0.21 and its 200 day moving average price is C$0.26.

Insider Activity at Nevada King Gold

In other news, Director Collin Kettell sold 20,000,000 shares of Nevada King Gold 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.