New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price dropped 27.6% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.63. Approximately 4,658,080 shares traded hands during mid-day trading, an increase of 832% from the average daily volume of 499,684 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Up 11.6 %
The company has a market cap of C$333.68 million, a P/E ratio of -5.79 and a beta of 0.56. The firm’s 50-day moving average price is C$2.48 and its 200-day moving average price is C$2.78.
Insiders Place Their Bets
In other news, Director Keith Boyle purchased 25,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. Company insiders own 44.06% of the company’s stock.
New Found Gold Company Profile
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.
Read More
- Five stocks we like better than New Found Gold
- What is the MACD Indicator and How to Use it in Your Trading
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Top 3 Beverage Stocks Pouring Out Profits
- High Flyers: 3 Natural Gas Stocks for March 2022
- CarMax and Carvana: Steering the Used Car Market
Receive News & Ratings for New Found Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Found Gold and related companies with MarketBeat.com's FREE daily email newsletter.
