Nevada King Gold Corp. (CVE:NKG – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$0.60 and last traded at C$0.60, with a volume of 20,827 shares changing hands. The stock had previously closed at C$0.66.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$2.75 price objective on shares of Nevada King Gold and gave the stock a “moderate buy” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Nevada King Gold presently has a consensus rating of “Buy” and a consensus price target of C$2.75.
View Our Latest Stock Report on Nevada King Gold
Nevada King Gold Trading Down 9.1%
The stock has a fifty day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.61. The company has a market cap of C$60.22 million, a PE ratio of -5.45 and a beta of 1.32.
About Nevada King Gold
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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