New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report) shares dropped 3.2% during trading on Thursday. The stock traded as low as $1.73 and last traded at $1.80. 995,476 shares traded hands during trading, an increase of 619% from the average daily volume of 138,499 shares. The stock had previously closed at $1.86.
New Found Gold Price Performance
The business’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.82.
About New Found Gold
New Found Gold Corp. is a junior mineral exploration company focused on the discovery and development of gold deposits. Headquartered in Vancouver, British Columbia, the company trades on the OTC Markets under the symbol NFGFF and maintains a primary listing on the TSX Venture Exchange. Its corporate mandate is to advance high‐grade gold targets through systematic exploration, resource definition and preliminary economic assessment.
The company’s flagship asset is the Queensway project, located in Newfoundland and Labrador’s emerging Gander Gold District.
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