Nexus Gold (CVE:NXS) Trading 50% Higher – Still a Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s share price rose 50% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 114,000 shares traded hands during trading, an increase of 60% from the average daily volume of 71,070 shares. The stock had previously closed at C$0.01.

Nexus Gold Trading Up 50.0 %

The company has a debt-to-equity ratio of 14,120.33, a quick ratio of 0.38 and a current ratio of 0.03. The firm has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a market cap of C$682,050.00, a price-to-earnings ratio of -0.75 and a beta of 0.73.

Nexus Gold Company Profile

(Get Free Report)

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.

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