Nexus Gold (CVE:NXS) Hits New 52-Week Low – Should You Sell?

Nexus Gold Corp. (CVE:NXS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 40033 shares traded. The stock had previously closed at C$0.02.

Nexus Gold Trading Up 50.0 %

The business’s 50 day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01. The company has a debt-to-equity ratio of 14,120.33, a current ratio of 0.03 and a quick ratio of 0.38. The company has a market capitalization of C$682,050.00, a price-to-earnings ratio of -0.75 and a beta of 0.73.

Nexus Gold Company Profile

Nexus Gold Corp. engages in the exploration and evaluation of mineral properties in West Africa. The company explores for gold deposits. It holds a 100% interest in Dakuli II Property which covers an area of 9,800 hectares located in the Burkina Faso, West Africa. The company also has an option to acquire 90% interests in the Fofora Gold Property covering approximately an area of 6,200 hectares located in the Burkina Faso, West Africa.