New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price rose 1.5% during trading on Monday . The stock traded as high as C$1.81 and last traded at C$1.71. Approximately 643,126 shares were traded during trading, an increase of 5% from the average daily volume of 614,113 shares. The stock had previously closed at C$1.69.
New Found Gold Stock Down 7.5 %
The stock has a market capitalization of C$299.09 million, a P/E ratio of -5.19 and a beta of 0.56. The company has a fifty day simple moving average of C$2.41 and a two-hundred day simple moving average of C$2.72.
Insider Activity at New Found Gold
In other news, Director Keith Boyle purchased 25,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were purchased 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 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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