Nevada King Gold (CVE:NKG) Sets New 52-Week Low – Time to Sell?

Nevada King Gold Corp. (CVE:NKG) reached a new 52-week low on Friday . The stock traded as low as C$0.14 and last traded at C$0.15, with a volume of 682100 shares trading hands. The stock had previously closed at C$0.15.

Nevada King Gold Trading Down 3.4%

The stock has a market capitalization of C$54.73 million, a PE ratio of -2.32 and a beta of 1.57. The firm has a 50 day moving average of C$0.24 and a two-hundred day moving average of C$0.27.

Insider Activity at Nevada King Gold

In related news, Director Collin Kettell sold 20,000,000 shares of the firm’s stock in a transaction that occurred on 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. 33.32% of the stock is currently owned by company insiders.

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.