Nexus Gold (CVE:NXS) Trading 13.8% Higher – Here’s Why

Nexus Gold Corp. (CVE:NXS) shares rose 13.8% during mid-day trading on Tuesday . The stock traded as high as C$0.38 and last traded at C$0.37. Approximately 87,998 shares were traded during trading, an increase of 190% from the average daily volume of 30,334 shares. The stock had previously closed at C$0.33.

Nexus Gold Stock Performance

The business’s fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.12. The stock has a market cap of C$5.37 million, a PE ratio of 2.06 and a beta of 0.79. 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.

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.