Nexus Gold (CVE:NXS) Shares Down 7.3% – Time to Sell?

Nexus Gold Corp. (CVE:NXS) shares fell 7.3% during mid-day trading on Friday . The company traded as low as C$0.38 and last traded at C$0.38. 13,935 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 56,615 shares. The stock had previously closed at C$0.41.

Nexus Gold Stock Performance

The firm has a fifty day moving average price of C$0.31 and a 200 day moving average price of C$0.17. 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 firm has a market cap of C$5.52 million, a PE ratio of 2.11 and a beta of 1.32.

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. Nexus Gold Corp. is headquartered in Vancouver, Canada.