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

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

Nexus Gold Stock Up 50.0 %

The company has a market capitalization of C$682,050.00, a price-to-earnings ratio of -0.75 and a beta of 0.73. The firm’s 50 day moving average price is C$0.01 and its two-hundred day moving average price is 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.

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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