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

Nexus Gold Corp. (CVE:NXS) traded up 50% during mid-day trading on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. 123,000 shares traded hands during mid-day 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 Stock Up 50.0 %

The firm has a 50-day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01. The company has a market capitalization of C$682,050.00, a PE ratio of -0.75 and a beta of 0.73. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38.

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.