Nexus Gold (CVE:NXS) Trading 50% Higher – Here’s Why

Shares of Nexus Gold Corp. (CVE:NXS) shot up 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 123,000 shares changed hands during trading, an increase of 36% from the average session volume of 90,489 shares. The stock had previously closed at C$0.01.

Nexus Gold Price Performance

The stock has a market capitalization of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73. The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average 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.

Nexus Gold Company Profile

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.