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Nevada King Gold shares surged 25.9% amid heavy trading, reaching a market cap of C$72.1 million.
Nevada King Gold (CVE:NKG) shares jumped 25.9% on Thursday, closing at C$0.17 with a surge in trading volume to 1.46 million shares—426% above average.
The stock's market cap reached C$72.10 million, with a negative P/E ratio of -5.67 and a low beta of 0.42, indicating relatively stable price movements.
The company, formerly Victory Metals Inc., rebranded in April 2021 and explores for gold, silver, iron ore, vanadium, and other base metals in Nevada.
The rally reflects strong investor interest, though no specific reason for the move was provided.
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Las acciones de Nevada King Gold subieron un 25.9% en medio de una fuerte negociación, alcanzando una capitalización de mercado de C $ 72.1 millones.