Nexus Gold (CVE:NXS) Trading Up 50% – Still a Buy?

Nexus Gold Corp. (CVE:NXSGet Free Report) was up 50% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 127,000 shares were traded during trading, an increase of 51% from the average daily volume of 84,251 shares. The stock had previously closed at C$0.01.

Nexus Gold Trading Up 50.0 %

The business has a 50 day moving average of C$0.01 and a 200-day 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. The firm has a market capitalization of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73.

About Nexus Gold

(Get Free Report)

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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