New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price dropped 8.8% during trading on Wednesday . The company traded as low as C$1.45 and last traded at C$1.45. Approximately 1,111,383 shares changed hands during trading, an increase of 107% from the average daily volume of 537,916 shares. The stock had previously closed at C$1.59.
New Found Gold Price Performance
The stock has a 50 day moving average price of C$2.46 and a 200-day moving average price of C$2.77. 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.
Insider Transactions at New Found Gold
In related news, Director Keith Boyle bought 25,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. Insiders own 44.06% of the company’s stock.
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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