New Gold (TSE:NGD) Stock Price Passes Above 50-Day Moving Average – What’s Next?

New Gold Inc. (TSE:NGD) (ARCA:NGD) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.97 and traded as high as C$4.35. New Gold shares last traded at C$4.28, with a volume of 2,257,075 shares.

New Gold Price Performance

The firm has a fifty day simple moving average of C$3.97 and a 200 day simple moving average of C$3.81. The company has a market capitalization of C$2.35 billion, a PE ratio of 117.13, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.

Insider Buying and Selling at New Gold

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the 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. Insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.