Nevada King Gold Corp. (CVE:NKG – Get Free Report)’s stock price hit a new 52-week low on Tuesday. The company traded as low as C$0.60 and last traded at C$0.60, with a volume of 20,827 shares traded. The stock had previously closed at C$0.66.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$2.75 price objective on shares of Nevada King Gold and gave the company a “moderate buy” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$2.75.
Read Our Latest Stock Analysis on Nevada King Gold
Nevada King Gold Stock Performance
The business has a 50-day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.61. The company has a market capitalization of C$60.22 million, a price-to-earnings ratio of -5.45 and a beta of 1.32.
Nevada King Gold Company Profile
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp. is based in Vancouver, Canada.
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