Nevada King Gold (CVE:NKG) Trading Down 6.3% – Should You Sell?

Nevada King Gold Corp. (CVE:NKG)’s stock price was down 6.3% during mid-day trading on Monday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 66,185 shares were traded during trading, a decline of 69% from the average daily volume of 214,281 shares. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

Separately, Desjardins reduced their price target on Nevada King Gold from C$90.00 to C$80.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th.

Nevada King Gold Trading Down 6.3%

The firm has a market capitalization of C$58.64 million, a P/E ratio of -2.49 and a beta of 1.57. The company has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.23.

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.