Labrador Gold (OTCMKTS:NKOSF) Stock Breaks Below 50-Day Moving Average – Time to Sell?

Labrador Gold Corp. (OTCMKTS:NKOSF) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$0.04 and traded as low as C$0.03. Labrador Gold shares last traded at C$0.03, with a volume of 315,000 shares trading hands.

Labrador Gold Stock Down 15.8%

The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.05.

Labrador Gold Company Profile

Labrador Gold Corp. is a Canadian mineral exploration company focused on identifying and evaluating gold deposits. The company explores for gold and does not operate as a gold producer. Its flagship asset is the Kingsway project in central Newfoundland, near Gander. The property lies in a region known for gold exploration, and Labrador Gold has conducted exploration work there to assess its mineral potential.