Nexus Gold (CVE:NXS) Stock Price Up 50% – Here’s Why

Nexus Gold Corp. (CVE:NXS)’s share price rose 50% during mid-day trading on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 123,000 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 90,489 shares. The stock had previously closed at C$0.01.

Nexus Gold Price Performance

The company has a fifty day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a market cap of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38.

Nexus Gold Company Profile

Nexus Gold Corp. engages in the exploration and evaluation of mineral properties in West Africa. The company explores for gold deposits. It holds a 100% interest in Dakuli II Property which covers an area of 9,800 hectares located in the Burkina Faso, West Africa. The company also has an option to acquire 90% interests in the Fofora Gold Property covering approximately an area of 6,200 hectares located in the Burkina Faso, West Africa.