International Consolidated Uranium Inc. (NXN.V) (CVE:NXN) Shares Up 6.9% – Should You Buy?

International Consolidated Uranium Inc. (NXN.V) (CVE:NXN)’s stock price shot up 6.9% during trading on Monday . The stock traded as high as C$0.62 and last traded at C$0.62. 69,450 shares changed hands during trading, an increase of 101% from the average session volume of 34,638 shares. The stock had previously closed at C$0.58.

International Consolidated Uranium Inc. (NXN.V) Price Performance

The stock has a market capitalization of C$8.72 million and a price-to-earnings ratio of -0.51. The business has a 50-day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.62. The company has a quick ratio of 13.27, a current ratio of 13.59 and a debt-to-equity ratio of 2.58.

International Consolidated Uranium Inc. (NXN.V) Company Profile

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.