International Consolidated Uranium Inc. (NXN.V) (CVE:NXN) Shares Up 6.9% – Time to Buy?

Shares of International Consolidated Uranium Inc. (NXN.V) (CVE:NXN) were up 6.9% during trading on Wednesday . The company traded as high as C$0.62 and last traded at C$0.62. Approximately 69,450 shares were traded during mid-day trading, an increase of 101% from the average session volume of 34,638 shares. The stock had previously closed at C$0.58.

International Consolidated Uranium Inc. (NXN.V) Stock Up 6.9%

The stock has a market cap of C$8.72 million and a P/E ratio of -0.51. The company’s 50 day moving average price is C$0.62 and its two-hundred day moving average price is C$0.62. The company has a quick ratio of 13.27, a current ratio of 13.59 and a debt-to-equity ratio of 2.58.

International Consolidated Uranium Inc. (NXN.V) Company Profile

NxGold Ltd. acquires, develops, explores for, and evaluates early stage mineral properties, primarily gold in Canada. It holds an 80% interest in the Mt. Roe gold project comprising two exploration blocks covering an area of approximately 1,200 hectares located in the Pilbara region in Western Australia; and a right to acquire 70% interest in the Kuulu property covering an area of 4,174 hectares located in the Kavilliq region of Nunavut, Canada. The company was formerly known as Lancaster Capital Corp.