Nevada King Gold (CVE:NKG) Stock Price Up 15.4%

Shares of Nevada King Gold Corp. (CVE:NKG) were up 15.4% during trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.30. Approximately 438,055 shares changed hands during mid-day trading, an increase of 165% from the average daily volume of 165,221 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

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

Nevada King Gold Trading Up 9.2 %

The company has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.34. The stock has a market cap of C$121.94 million, a PE ratio of -1.71 and a beta of 1.43.

Nevada King Gold (CVE:NKG) last issued its quarterly earnings results on Tuesday, June 11th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.