New Found Gold Corp. (CVE:NFG – Get Free Report) fell 3.8% during mid-day trading on Wednesday . The stock traded as low as C$1.53 and last traded at C$1.53. 611,030 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 528,640 shares. The stock had previously closed at C$1.59.
New Found Gold Price Performance
The business’s 50 day moving average price is C$2.46 and its 200 day moving average price is C$2.77. The firm has a market cap of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56.
Insiders Place Their Bets
In other New Found Gold news, Director Keith Boyle bought 25,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is owned by company insiders.
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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