Nexus Gold (CVE:NXS) Trading 10% Higher – Still a Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report)’s stock price rose 10% during trading on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22. 13,113 shares were traded during mid-day trading, a decline of 57% from the average session volume of 30,403 shares. The stock had previously closed at C$0.20.

Nexus Gold Stock Performance

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 company has a market cap of C$5.28 million, a PE ratio of -0.71 and a beta of 0.13. The business has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.29.

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

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