Nevada King Gold Corp. (CVE:NKG – Get Free Report)’s share price was up 4.5% on Thursday. The stock traded as high as C$0.69 and last traded at C$0.69. Approximately 12,200 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 44,210 shares. The stock had previously closed at C$0.66.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$2.75 price objective on shares of Nevada King Gold and gave the company a “moderate buy” rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$2.75.
Get Our Latest Research Report on NKG
Nevada King Gold Stock Down 4.3%
The firm has a 50-day moving average price of C$0.81 and a 200 day moving average price of C$0.60. The firm has a market capitalization of C$66.24 million, a PE ratio of -6.00 and a beta of 0.66.
About Nevada King Gold
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp. is based in Vancouver, Canada.
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