New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price fell 29.3% during mid-day trading on Wednesday . The company traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares traded hands during mid-day trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Trading Up 11.6 %
The stock has a market capitalization of C$333.68 million, a price-to-earnings ratio of -5.79 and a beta of 0.56. The firm’s fifty day moving average price is C$2.46 and its 200 day moving average price is C$2.77.
Insider Buying and Selling at New Found Gold
In other news, Director Keith Boyle acquired 25,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is owned by corporate insiders.
About New Found Gold
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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