Shares of Nexus Gold Corp (CVE:NXS) traded down 13.6% during mid-day trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. 269,965 shares changed hands during trading, a decline of 20% from the average session volume of 337,099 shares. The stock had previously closed at C$0.11.
Separately, Fundamental Research reiterated a “positive” rating on shares of Nexus Gold in a research report on Monday, January 14th.
The stock has a market capitalization of $6.87 million and a PE ratio of -0.67.
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Nexus Gold Corp., a mineral exploration company, explores for mineral properties in West Africa. It holds interest in the Bouboulou gold concession covering an area of 38.8 square kilometers located to the north-west of the capital Ouagadougou; Rakounga gold concession that covers an area of 250-square kilometers in Burkina Faso, West Africa; and Niangouela gold concession totaling an area of 178 square kilometers y located in Burkina Faso, West Africa.
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