Nexus Gold (CVE:NXS) Trading 15.8% Higher – Here’s Why

Shares of Nexus Gold Corp. (CVE:NXSGet Free Report) shot up 15.8% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 37,600 shares were traded during trading, an increase of 25% from the average daily volume of 30,052 shares. The stock had previously closed at C$0.19.

Nexus Gold Stock Up 15.8%

The firm’s fifty day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.28. The company has a current ratio of 0.03, a quick ratio of 0.38 and a debt-to-equity ratio of 14,120.33. The company has a market capitalization of C$5.28 million, a price-to-earnings ratio of -0.40 and a beta of 0.15.

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. Nexus Gold Corp. is headquartered in Vancouver, Canada.

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