Nevada King Gold (CVE:NKG) PT Set at C$0.40 by Atrium Research

Nevada King Gold (CVE:NKG) received a C$0.40 target price from research analysts at Atrium Research in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Atrium Research’s target price would suggest a potential upside of 185.71% from the company’s previous close.

Nevada King Gold Stock Performance

CVE:NKG remained flat at C$0.14 on Wednesday. The company’s stock had a trading volume of 330,000 shares, compared to its average volume of 276,889. The stock’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.16. Nevada King Gold has a twelve month low of C$0.12 and a twelve month high of C$0.33. The stock has a market capitalization of C$59.37 million, a price-to-earnings ratio of -3.50 and a beta of 0.34.

Nevada King Gold Company Profile

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.