Nexus Gold (CVE:NXS) Shares Down 7.3% – Time to Sell?

Nexus Gold Corp. (CVE:NXS)’s share price fell 7.3% on Friday . The stock traded as low as C$0.38 and last traded at C$0.38. 13,935 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 56,615 shares. The stock had previously closed at C$0.41.

Nexus Gold Stock Down 7.3%

The business has a 50 day simple moving average of C$0.31 and a 200 day simple moving average of C$0.17. The company has a market capitalization of C$5.52 million, a price-to-earnings ratio of 2.11 and a beta of 1.32. 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.

About Nexus Gold

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. Nexus Gold Corp. is headquartered in Vancouver, Canada.