New Gold (TSE:NGD) Shares Cross Above 50 Day Moving Average – Time to Sell?

New Gold Inc. (TSE:NGD) (ARCA:NGD) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.81 and traded as high as C$4.03. New Gold shares last traded at C$4.03, with a volume of 255,149 shares traded.

New Gold Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45. The company has a market cap of C$3.19 billion, a P/E ratio of -100.75, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59. The firm has a 50-day moving average price of C$3.81.

Insider Activity at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. Corporate insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.