Fundamental Research set a C$0.31 price target on NxGold (CVE:NXN) in a report issued on Wednesday, October 17th. The firm currently has a buy rating on the stock.
Shares of NXN remained flat at $C$0.10 during mid-day trading on Wednesday. 99,000 shares of the stock traded hands, compared to its average volume of 162,345. NxGold has a 52 week low of C$0.08 and a 52 week high of C$0.40.
NxGold Ltd. engages in acquiring and exploring mineral properties, primarily gold in Canada. Its early-stage exploration projects include the right to acquire 70% undivided interest in the Kuulu property located in the Kavilliq region of Nunavut; and an option agreement to earn up to a 100% interest in the Chicobi property located approximately 30 km northeast of Amos, Quebec.
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