Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) traded up 1.5% on Monday . The company traded as high as C$1.81 and last traded at C$1.71. 643,126 shares changed hands during trading, an increase of 5% from the average session volume of 614,113 shares. The stock had previously closed at C$1.69.
New Found Gold Price Performance
The firm has a market cap of C$347.92 million, a P/E ratio of -6.03 and a beta of 0.56. The firm has a fifty day simple moving average of C$2.45 and a 200-day simple moving average of C$2.75.
Insider Buying and Selling
In other New Found Gold news, Director Keith Boyle purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is owned by company 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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