New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price dropped 29.3% during trading on Wednesday . The company traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares traded hands 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 Trading Up 11.6 %
The firm has a 50-day moving average of C$2.46 and a two-hundred day moving average of C$2.77. The firm has a market capitalization of C$333.68 million, a P/E ratio of -5.79 and a beta of 0.56.
Insider Transactions at New Found Gold
In related news, Director Keith Boyle bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average price 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.
Featured Stories
- Five stocks we like better than New Found Gold
- Compound Interest and Why It Matters When Investing
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Top 3 Beverage Stocks Pouring Out Profits
- What is the Dow Jones Industrial Average (DJIA)?
- 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.
