NxGold Ltd (CVE:NXN) dropped 18.2% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05, approximately 255,500 shares were traded during trading. An increase of 145% from the average daily volume of 104,229 shares. The stock had previously closed at C$0.06.
The company has a quick ratio of 16.24, a current ratio of 16.24 and a debt-to-equity ratio of 1.04. The stock’s 50-day simple moving average is C$0.06. The stock has a market capitalization of $4.90 million and a price-to-earnings ratio of -1.15.
About NxGold (CVE:NXN)
NxGold Ltd. acquires, develops, explores for, and evaluates early stage mineral properties, primarily gold in Canada. It holds an 80% interest in the Mt. Roe gold project comprising two exploration blocks covering an area of approximately 1,200 hectares located in the Pilbara region in Western Australia; and a right to acquire 70% interest in the Kuulu property covering an area of 4,174 hectares located in the Kavilliq region of Nunavut, Canada.
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