Nevada King Gold (CVE:NKG) Stock Price Up 3.6% – Still a Buy?

Shares of Nevada King Gold Corp. (CVE:NKG) rose 3.6% during trading on Monday . The stock traded as high as C$0.32 and last traded at C$0.29. Approximately 115,490 shares changed hands during trading, a decline of 32% from the average daily volume of 169,644 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded shares of Nevada King Gold to a “moderate buy” rating in a report on Wednesday, November 13th.

Nevada King Gold Stock Up 3.6 %

The firm has a market capitalization of C$97.92 million, a price-to-earnings ratio of -3.17 and a beta of 1.57. The business’s 50-day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.32.

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.