Nexus Gold (CVE:NXS) Trading 50% Higher – Time to Buy?

Shares of Nexus Gold Corp. (CVE:NXSGet Free Report) traded up 50% during trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 123,000 shares traded 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 Stock Up 50.0 %

The firm has a 50-day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01. The company has a market capitalization of C$682,050.00, a P/E ratio of -0.75 and a beta of 0.73. The company has a quick ratio of 0.38, a current ratio of 0.03 and a debt-to-equity ratio of 14,120.33.

Nexus Gold Company Profile

(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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