Nevada King Gold (CVE:NKG) Stock Price Down 22% – Here’s Why

Nevada King Gold Corp. (CVE:NKG)’s share price dropped 22% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 4,695,513 shares traded hands during trading, an increase of 2,498% from the average daily volume of 180,729 shares. The stock had previously closed at C$0.21.

Nevada King Gold Trading Down 22.0%

The firm has a market capitalization of C$62.55 million, a PE ratio of -2.65 and a beta of 1.57. The firm’s fifty day moving average price is C$0.25 and its 200 day moving average price is C$0.27.

Insider Activity at Nevada King Gold

In other Nevada King Gold news, Director Collin Kettell sold 20,000,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of C$0.25, for a total value of C$5,000,000.00. Insiders own 33.32% of the company’s stock.

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.