NV Gold (CVE:NVX) Stock Price Down 16.4% – Here’s What Happened

NV Gold Co. (CVE:NVX) shares traded down 16.4% during trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 5,500 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 14,149 shares. The stock had previously closed at C$0.28.

NV Gold Stock Down 16.4 %

The company has a market capitalization of C$2.27 million, a P/E ratio of -0.70 and a beta of 1.03. The company has a 50-day moving average of C$0.26 and a two-hundred day moving average of C$0.28. The company has a quick ratio of 20.22, a current ratio of 0.20 and a debt-to-equity ratio of 19.85.

About NV Gold

NV Gold Corporation identifies, acquires, and explores for mineral properties in the United States and Switzerland. The company explores for gold, silver, and precious metal deposits. The company holds 100% interests in 11 exploration projects in Nevada, as well as AngloGold-Ashanti database. It also holds interests in the Cooks Creek project located in Lander County, Nevada; the Frazier Dome project situated in Nye County, Nevada; the Swiss Permits located within the Communes of Medel/Lucmagn, Disentis/Muster, and Sumvitg in Canton Graubunden, and southeastern Switzerland; the Slumber Gold Project situated in Humboldt County, Nevada; the Green Gold project located in Pershing County, Nevada; the SW Pipe project situated in Lander County, Nevada; the Sandy Gold project located in Lyon County, Nevada; the Cone project situated in Eureka County, Nevada; and the Darby Flats Project located in Elko County, Nevada.