Nexus Gold (CVE:NXS) Stock Price Up 18.5% – Here’s Why

Nexus Gold Corp. (CVE:NXS) rose 18.5% during trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.16. Approximately 108,997 shares traded hands during mid-day trading, an increase of 841% from the average daily volume of 11,581 shares. The stock had previously closed at C$0.14.

Nexus Gold Trading Up 18.5%

The company has a debt-to-equity ratio of 14,120.33, a quick ratio of 0.38 and a current ratio of 0.03. The business has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.04. The stock has a market capitalization of C$642,400.00, a price-to-earnings ratio of -1.00 and a beta of 0.21.

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.