Nexus Gold (CVE:NXS) Trading 50% Higher – Should You Buy?

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

Nexus Gold Trading Up 50.0 %

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’s 50 day moving average is C$0.01 and its 200-day moving average is C$0.01. The company has a market capitalization of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73.

Nexus Gold Company Profile

(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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