Nexus Gold (CVE:NXS) Trading 50% Higher – Here’s Why

Nexus Gold Corp. (CVE:NXSGet Free Report)’s stock price rose 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 123,000 shares were traded during 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 firm has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.01. 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. The company has a market capitalization of C$682,050.00, a PE ratio of -0.75 and a beta of 0.73.

Nexus Gold Company Profile

(Get Free Report)

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.

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