Desjardins Cuts Nevada King Gold (CVE:NKG) Price Target to C$80.00

Nevada King Gold (CVE:NKG) had its target price cut by Desjardins from C$90.00 to C$80.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Nevada King Gold Price Performance

Shares of NKG stock opened at C$0.15 on Wednesday. Nevada King Gold has a 1-year low of C$0.14 and a 1-year high of C$0.41. The stock’s fifty day moving average price is C$0.21 and its 200 day moving average price is C$0.26. The company has a market cap of C$58.64 million, a price-to-earnings ratio of -2.49 and a beta of 1.57.

Insider Buying and Selling at Nevada King Gold

In other 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. Company 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.