Nexus Gold (CVE:NXS) Trading 11.1% Higher – Still a Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s stock price shot up 11.1% during trading on Tuesday . The stock 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 firm has a market cap of C$4.56 million, a PE ratio of 1.06 and a beta of 0.63. The firm’s fifty day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.28. The company has a quick ratio of 0.38, a current ratio of 0.03 and a debt-to-equity ratio of 14,120.33.

Nexus Gold Company Profile

(Get Free Report)

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.

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