Nexus Gold (CVE:NXS) Shares Up 50% – Here’s Why

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

Nexus Gold Price Performance

The stock has a fifty day simple moving average of C$0.01 and a 200-day simple 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 stock has a market cap of C$682,050.00, a price-to-earnings ratio of -0.75 and a beta of 0.73.

About Nexus Gold

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.