Nexus Gold (CVE:NXS) Trading Down 6.5% – Should You Sell?

Nexus Gold Corp. (CVE:NXS) was down 6.5% during mid-day trading on Monday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 3,200 shares traded hands during trading, a decline of 91% from the average daily volume of 34,962 shares. The stock had previously closed at C$0.31.

Nexus Gold Trading Down 6.5%

The stock has a market cap of C$6.96 million, a PE ratio of 1.61 and a beta of 0.37. The company’s 50-day moving average price is C$0.37 and its 200 day moving average price is C$0.24. 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.

About Nexus Gold

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.