Nevada King Gold (CVE:NKG) Trading Down 4.2% – Should You Sell?

Nevada King Gold Corp. (CVE:NKG) shares dropped 4.2% during trading on Monday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 60,000 shares were traded during trading, a decline of 57% from the average daily volume of 141,112 shares. The stock had previously closed at C$0.24.

Nevada King Gold Price Performance

The stock has a 50-day simple moving average of C$0.26 and a 200 day simple moving average of C$0.28. The company has a market capitalization of C$89.91 million, a PE ratio of -3.81 and a beta of 1.57.

Insiders Place Their Bets

In other news, Director Collin Kettell sold 20,000,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of C$0.25, for a total value of C$5,000,000.00. 33.32% of the stock is owned by company insiders.

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.