Nevada King Gold (CVE:NKG) Stock Price Down 2.9%

Nevada King Gold Corp. (CVE:NKG) shares dropped 2.9% on Friday . The company traded as low as C$0.33 and last traded at C$0.34. Approximately 427,525 shares changed hands during mid-day trading, an increase of 183% from the average daily volume of 151,107 shares. The stock had previously closed at C$0.35.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$1.00 target price on Nevada King Gold and gave the company a “buy” rating in a report on Wednesday, May 1st.

Nevada King Gold Price Performance

The business has a 50 day moving average of C$0.37 and a 200 day moving average of C$0.38. The company has a market cap of C$115.07 million, a PE ratio of -1.76 and a beta of 1.43.

Nevada King Gold (CVE:NKG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01).

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.