Nexus Gold (CVE:NXS) Stock Price Down 33.3% – Here’s Why

Nexus Gold Corp. (CVE:NXSGet Free Report) shares fell 33.3% during mid-day trading on Friday . The stock traded as low as C$0.01 and last traded at C$0.01. 308,000 shares changed hands during mid-day trading, an increase of 322% from the average session volume of 73,013 shares. The stock had previously closed at C$0.02.

Nexus Gold Stock Performance

The stock has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a quick ratio of 0.38, a current ratio of 0.03 and a debt-to-equity ratio of 14,120.33. The firm has a market capitalization of C$454,700.00, a price-to-earnings 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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