Nexus Gold (CVE:NXS) Trading Up 50% – Should You Buy?

Nexus Gold Corp. (CVE:NXS)’s stock price shot up 50% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. 127,000 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 84,251 shares. The stock had previously closed at C$0.01.

Nexus Gold Stock Down 33.3 %

The stock has a market capitalization of C$454,700.00, a price-to-earnings ratio of -0.50 and a beta of 0.73. The firm has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38.

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.