Nexus Gold (CVE:NXS) Shares Up 50% – Here’s Why

Nexus Gold Corp. (CVE:NXSGet Free Report) shares rose 50% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 101,000 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 79,755 shares. The stock had previously closed at C$0.01.

Nexus Gold Stock Performance

The firm has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a current ratio of 0.03, a quick ratio of 0.38 and a debt-to-equity ratio of 14,120.33. The firm has a market cap of C$454,700.00, a PE ratio of -0.50 and a beta of 0.73.

About Nexus Gold

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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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