Nexus Gold (CVE:NXS) Stock Price Up 33.3% – Should You Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s stock price rose 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.03 and last traded at C$0.02. Approximately 1,905,416 shares were traded during trading, an increase of 2,128% from the average daily volume of 85,519 shares. The stock had previously closed at C$0.02.

Nexus Gold Stock Performance

The firm’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. The company has a debt-to-equity ratio of 14,120.33, a quick ratio of 0.38 and a current ratio of 0.03. The company has a market capitalization of C$909,400.00, a price-to-earnings ratio of -1.00 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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