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

Nexus Gold Corp. (CVE:NXSGet Free Report) was up 50% during mid-day trading on Monday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,523,926 shares were traded during mid-day trading, an increase of 892% from the average daily volume of 153,639 shares. The stock had previously closed at C$0.01.

Nexus Gold Stock Performance

The company has a debt-to-equity ratio of 14,120.33, a quick ratio of 0.38 and a current ratio of 0.03. The company has a market capitalization of C$1.00 million, a P/E ratio of -1.00 and a beta of -0.41. The business’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

Nexus Gold Company Profile

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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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