Nexus Gold (CVE:NXS) Shares Down 33.3% – Here’s Why

Nexus Gold Corp. (CVE:NXS) shares were down 33.3% on Saturday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 323,000 shares changed hands during mid-day trading, an increase of 341% from the average daily volume of 73,213 shares. The stock had previously closed at C$0.02.

Nexus Gold Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.03 and a debt-to-equity ratio of 14,120.33. The stock has a market capitalization of C$454,700.00, a price-to-earnings ratio of -0.50 and a beta of 0.73. The firm has a fifty day moving average of C$0.01 and a 200-day moving average of C$0.01.

About Nexus Gold

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.