Nevada King Gold (CVE:NKG) Given a C$2.75 Price Target by Canaccord Genuity Group Analysts

Nevada King Gold (CVE:NKG) has been given a C$2.75 price target by investment analysts at Canaccord Genuity Group in a research report issued on Wednesday, BayStreet reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 227.38% from the stock’s current price.

Nevada King Gold Price Performance

Shares of NKG stock traded up C$0.03 during trading hours on Wednesday, reaching C$0.84. The company had a trading volume of 28,617 shares, compared to its average volume of 47,323. The company has a market cap of C$84.31 million, a price-to-earnings ratio of -7.64 and a beta of 0.89. Nevada King Gold has a 12 month low of C$0.62 and a 12 month high of C$1.38. The business has a fifty day simple moving average of C$0.82 and a 200-day simple moving average of C$0.64.

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.