NxGold (CVE:NXN) Shares Down 14.3%

NxGold Ltd (CVE:NXN)’s share price was down 14.3% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, approximately 240,200 shares traded hands during trading. An increase of 55% from the average daily volume of 155,390 shares. The stock had previously closed at C$0.04.

The stock’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.06. The stock has a market capitalization of $3.27 million and a P/E ratio of -1.20. The company has a current ratio of 24.06, a quick ratio of 24.06 and a debt-to-equity ratio of 1.01.

About NxGold (CVE:NXN)

NxGold Ltd. acquires, develops, explores for, and evaluates early stage mineral properties, primarily gold in Canada. It holds an 80% interest in the Mt. Roe gold project comprising two exploration blocks covering an area of approximately 1,200 hectares located in the Pilbara region in Western Australia; and a right to acquire 70% interest in the Kuulu property covering an area of 4,174 hectares located in the Kavilliq region of Nunavut, Canada.

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