Nevada King Gold (CVE:NKG) Shares Down 2.9%

Shares of Nevada King Gold Corp. (CVE:NKG) traded down 2.9% during trading on Tuesday . The company traded as low as C$0.40 and last traded at C$0.40. 322,500 shares traded hands during trading, an increase of 80% from the average session volume of 178,771 shares. The stock had previously closed at C$0.41.

Analyst Ratings Changes

Separately, Desjardins set a C$1.00 price objective on shares of Nevada King Gold and gave the stock a “buy” rating in a research report on Wednesday, May 1st.

Nevada King Gold Stock Down 4.9 %

The company has a market cap of C$133.96 million, a price-to-earnings ratio of -2.16 and a beta of 1.43. The stock has a fifty day moving average price of C$0.30 and a two-hundred day moving average price of C$0.34.

Nevada King Gold (CVE:NKG) last posted its earnings results on Tuesday, June 11th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

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.