Nevada King Gold (CVE:NKG) Rating Increased to Moderate Buy at Desjardins

Nevada King Gold (CVE:NKG) was upgraded by analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Nevada King Gold Price Performance

Shares of CVE:NKG traded down C$0.01 during trading on Wednesday, hitting C$0.30. 91,800 shares of the company’s stock were exchanged, compared to its average volume of 170,947. The company has a market cap of C$101.36 million, a price-to-earnings ratio of -3.28 and a beta of 1.57. The business’s 50-day simple moving average is C$0.34 and its 200 day simple moving average is C$0.33. Nevada King Gold has a 52-week low of C$0.20 and a 52-week high of C$0.46.

Nevada King Gold (CVE:NKG) last released its quarterly earnings results on Thursday, August 22nd. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01).

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.