Nexus Gold (CVE:NXS) Shares Up 50% – Time to Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report) shot up 50% on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. 123,000 shares changed hands during trading, an increase of 36% from the average session volume of 90,489 shares. The stock had previously closed at C$0.01.

Nexus Gold Stock Performance

The firm has a 50 day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38. The stock has a market cap of C$682,050.00, a PE ratio of -0.75 and a beta of 0.73.

About Nexus Gold

(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.

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