New Found Gold Corp. (CVE:NFG – Get Free Report) shares were down 29.3% on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares were traded 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 Stock Up 11.6 %
The firm has a market cap of C$333.68 million, a P/E ratio of -5.79 and a beta of 0.56. The business’s 50 day moving average is C$2.48 and its two-hundred day moving average is C$2.78.
Insider Activity
In other New Found Gold news, Director Keith Boyle acquired 25,000 shares of New Found Gold stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of C$1.52 per share, for a total transaction 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.
Further Reading
- Five stocks we like better than New Found Gold
- The Role Economic Reports Play in a Successful Investment Strategy
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- Options Trading – Understanding Strike Price
- Top 3 Beverage Stocks Pouring Out Profits
- Insider Buying Explained: What Investors Need to Know
- 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.
