Nexus Gold (CVE:NXS) Trading Up 11.1% – Should You Buy?

Shares of Nexus Gold Corp. (CVE:NXS) shot up 11.1% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.20. 171,413 shares traded hands during mid-day trading, an increase of 448% from the average session volume of 31,283 shares. The stock had previously closed at C$0.18.

Nexus Gold Price Performance

The stock has a 50 day moving average of C$0.30 and a two-hundred day moving average of C$0.28. 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 market capitalization of C$5.52 million, a P/E ratio of 1.28 and a beta of 0.63.

Nexus Gold Company Profile

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.