New Found Gold Corp. (CVE:NFG – Get Free Report) shares dropped 8.2% during mid-day trading on Tuesday . The company traded as low as C$2.23 and last traded at C$2.25. Approximately 1,270,546 shares were traded during trading, an increase of 195% from the average daily volume of 430,407 shares. The stock had previously closed at C$2.45.
New Found Gold Price Performance
The firm has a market capitalization of C$457.79 million, a price-to-earnings ratio of -7.94 and a beta of 0.56. The firm’s 50-day moving average price is C$2.52 and its 200 day moving average price is C$2.80.
New Found Gold Company Profile
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland.
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