NV Gold (CVE:NVX) Shares Down 16.4% – What’s Next?

Shares of NV Gold Co. (CVE:NVX) fell 16.4% during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. 5,500 shares were traded 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 Price Performance

The stock has a market cap of C$2.27 million, a price-to-earnings ratio of -0.70 and a beta of 1.03. The company has a quick ratio of 20.22, a current ratio of 0.20 and a debt-to-equity ratio of 19.85. The company’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.28.

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.