New Found Gold (CVE:NFG) Insider Palisades Goldcorp Ltd. Sells 200,000 Shares of Stock

New Found Gold Corp. (CVE:NFG) insider Palisades Goldcorp Ltd. sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of C$2.81, for a total transaction of C$562,000.00. Following the completion of the transaction, the insider owned 34,280,076 shares of the company’s stock, valued at C$96,327,013.56. This trade represents a 0.58% decrease in their position.

Palisades Goldcorp Ltd. also recently made the following trade(s):

• On Tuesday, October 21st, Palisades Goldcorp Ltd. sold 51,600 shares of New Found Gold stock. The stock was sold at an average price of C$3.06, for a total transaction of C$157,896.00.
• On Tuesday, October 21st, Palisades Goldcorp Ltd. sold 82,800 shares of New Found Gold stock. The stock was sold at an average price of C$3.08, for a total value of C$255,024.00.
• On Tuesday, October 21st, Palisades Goldcorp Ltd. sold 7,700 shares of New Found Gold stock. The stock was sold at an average price of C$3.02, for a total value of C$23,254.00.
• On Tuesday, October 21st, Palisades Goldcorp Ltd. sold 300 shares of New Found Gold stock. The stock was sold at an average price of C$3.05, for a total transaction of C$915.00.
• On Tuesday, October 21st, Palisades Goldcorp Ltd. sold 65,400 shares of New Found Gold stock. The stock was sold at an average price of C$3.08, for a total value of C$201,432.00.
• On Wednesday, October 22nd, Palisades Goldcorp Ltd. sold 600 shares of New Found Gold stock. The stock was sold at an average price of C$2.91, for a total transaction of C$1,746.00.
• On Wednesday, October 22nd, Palisades Goldcorp Ltd. sold 75,300 shares of New Found Gold stock. The shares were sold at an average price of C$2.88, for a total value of C$216,864.00.
• On Wednesday, October 22nd, Palisades Goldcorp Ltd. sold 67,400 shares of New Found Gold stock. The stock was sold at an average price of C$2.89, for a total value of C$194,786.00.
• On Wednesday, October 22nd, Palisades Goldcorp Ltd. sold 73,300 shares of New Found Gold stock. The shares were sold at an average price of C$2.88, for a total transaction of C$211,104.00.
• On Wednesday, October 22nd, Palisades Goldcorp Ltd. sold 1,800 shares of New Found Gold stock. The shares were sold at an average price of C$2.84, for a total value of C$5,112.00.

New Found Gold Stock Performance

Shares of CVE NFG traded down C$0.06 during trading hours on Friday, reaching C$2.86. 812,218 shares of the stock were exchanged, compared to its average volume of 591,210. The firm has a market capitalization of C$701.06 million, a price-to-earnings ratio of -13.00 and a beta of 1.47. The stock’s fifty day simple moving average is C$3.05 and its 200 day simple moving average is C$2.40. New Found Gold Corp. has a 52 week low of C$1.34 and a 52 week high of C$3.95.

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.