NEXON (OTCMKTS:NEXOF) Shares Down 62.5% – Time to Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOFGet Free Report) dropped 62.5% during trading on Friday . The company traded as low as $9.9336 and last traded at $9.9336. Approximately 5 shares traded hands during trading, a decline of 100% from the average daily volume of 6,767 shares. The stock had previously closed at $26.50.

NEXON Stock Down 62.5%

The business has a fifty day moving average of $24.80 and a 200 day moving average of $21.08.

About NEXON

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NEXON Co, Ltd. is a pioneering video game publisher and developer known for its focus on online multiplayer games using a free-to-play business model. Founded in Seoul in 1994 by entrepreneur Kim Jung-ju, NEXON quickly established itself as an innovator in the interactive entertainment industry. The company has built a reputation for creating immersive virtual worlds that attract millions of players worldwide, supported by recurring in-game purchases for cosmetic items, expansions and convenience features.

Among NEXON’s best-known titles are MapleStory, an anime-styled massively multiplayer online role-playing game (MMORPG) that debuted in 2003, and Dungeon & Fighter, a side-scrolling action RPG launched in 2005.

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