Nevada King Gold (CVE:NKG) Given a C$2.75 Price Target at Canaccord Genuity Group

Nevada King Gold (CVE:NKG) has been given a C$2.75 price objective by stock analysts at Canaccord Genuity Group in a report issued on Wednesday, BayStreet reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 227.38% from the company’s current price.

Nevada King Gold Price Performance

Shares of Nevada King Gold stock traded up C$0.03 during trading hours on Wednesday, reaching C$0.84. The company had a trading volume of 28,617 shares, compared to its average volume of 47,323. Nevada King Gold has a one year low of C$0.62 and a one year high of C$1.38. The business has a fifty day simple moving average of C$0.82 and a 200 day simple moving average of C$0.64. The firm has a market cap of C$84.31 million, a PE ratio of -7.64 and a beta of 0.89.

About Nevada King Gold

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.