Nexus Gold (CVE:NXS) Trading 13.8% Higher – What’s Next?

Nexus Gold Corp. (CVE:NXS) shares were up 13.8% during mid-day trading on Tuesday . The company traded as high as C$0.38 and last traded at C$0.37. Approximately 87,998 shares were traded during mid-day trading, an increase of 190% from the average daily volume of 30,334 shares. The stock had previously closed at C$0.33.

Nexus Gold Trading Up 13.8%

The company has a quick ratio of 0.38, a current ratio of 0.03 and a debt-to-equity ratio of 14,120.33. The firm has a market capitalization of C$5.37 million, a PE ratio of 2.06 and a beta of 0.79. The stock’s fifty day simple moving average is C$0.21 and its 200 day simple moving average is C$0.12.

Nexus Gold Company Profile

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.