New Found Gold Corp. (CVE:NFG – Get Free Report) was down 29.3% during mid-day trading on Wednesday . The company traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares were traded during trading, an increase of 1,074% from the average daily volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The firm has a market capitalization of C$333.68 million, a price-to-earnings ratio of -5.79 and a beta of 0.56. The company has a 50-day moving average price of C$2.46 and a 200-day moving average price of C$2.77.
Insider Buying and Selling at New Found Gold
In related news, Director Keith Boyle purchased 25,000 shares of New Found Gold stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently 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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