Nevada King Gold (CVE:NKG) Trading Up 3.6% – Here’s Why

Shares of Nevada King Gold Corp. (CVE:NKGGet Free Report) traded up 3.6% during mid-day trading on Monday . The company traded as high as C$0.32 and last traded at C$0.29. 115,490 shares changed hands during trading, a decline of 32% from the average session volume of 169,644 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

Separately, Desjardins raised Nevada King Gold to a “moderate buy” rating in a report on Wednesday, November 13th.

Read Our Latest Analysis on NKG

Nevada King Gold Price Performance

The firm’s 50-day moving average price is C$0.30 and its 200 day moving average price is C$0.32. The firm has a market capitalization of C$97.92 million, a price-to-earnings ratio of -3.17 and a beta of 1.57.

About Nevada King Gold

(Get Free Report)

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.

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