Shares of Nevada King Gold Corp. (CVE:NKG – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$0.61 and traded as low as C$0.60. Nevada King Gold shares last traded at C$0.60, with a volume of 20,827 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group set a C$2.75 price objective on Nevada King Gold and gave the company a “moderate buy” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Nevada King Gold has an average rating of “Buy” and a consensus target price of C$2.75.
Get Our Latest Stock Analysis on NKG
Nevada King Gold Price Performance
The stock’s fifty day moving average price is C$0.78 and its 200 day moving average price is C$0.61. The stock has a market capitalization of C$60.22 million, a P/E ratio of -5.45 and a beta of 1.32.
Nevada King Gold Company Profile
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp in April 2021. Nevada King Gold Corp. is based in Vancouver, Canada.
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