Nevada King Gold (CVE:NKG) Stock Price Down 3.2% – Here’s What Happened

Shares of Nevada King Gold Corp. (CVE:NKG) traded down 3.2% on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30. 10,492 shares changed hands during trading, a decline of 90% from the average session volume of 107,888 shares. The stock had previously closed at C$0.31.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Nevada King Gold to a “moderate buy” rating in a report on Wednesday, November 13th.

Nevada King Gold Trading Down 3.2 %

The business has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.32. The stock has a market cap of C$103.07 million, a PE ratio of -3.33 and a beta of 1.57.

About Nevada King Gold

Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.