NV Gold (CVE:NVX) Trading Down 16.4% – Here’s Why

NV Gold Co. (CVE:NVX)’s stock price traded down 16.4% during trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. 4,929 shares traded hands during trading, a decline of 68% from the average session volume of 15,279 shares. The stock had previously closed at C$0.28.

NV Gold Stock Performance

The company has a debt-to-equity ratio of 19.85, a quick ratio of 20.22 and a current ratio of 0.20. The company has a market cap of C$2.04 million, a price-to-earnings ratio of -0.70 and a beta of 1.02. The firm’s 50-day moving average price is C$0.25 and its 200 day moving average price is C$0.28.

About NV Gold

NV Gold Corporation identifies, acquires, and explores for mineral properties in the United States and Switzerland. The company explores for gold, silver, and precious metal deposits. The company holds 100% interests in 11 exploration projects in Nevada, as well as AngloGold-Ashanti database. It also holds interests in the Cooks Creek project located in Lander County, Nevada; the Frazier Dome project situated in Nye County, Nevada; the Swiss Permits located within the Communes of Medel/Lucmagn, Disentis/Muster, and Sumvitg in Canton Graubunden, and southeastern Switzerland; the Slumber Gold Project situated in Humboldt County, Nevada; the Green Gold project located in Pershing County, Nevada; the SW Pipe project situated in Lander County, Nevada; the Sandy Gold project located in Lyon County, Nevada; the Cone project situated in Eureka County, Nevada; and the Darby Flats Project located in Elko County, Nevada.