New Found Gold Corp. (CVE:NFG – Get Free Report) fell 3.8% on Wednesday . The company traded as low as C$1.53 and last traded at C$1.53. 611,030 shares were traded during trading, an increase of 16% from the average session volume of 528,640 shares. The stock had previously closed at C$1.59.
New Found Gold Trading Up 11.6 %
The firm has a market cap of C$333.68 million, a price-to-earnings ratio of -5.79 and a beta of 0.56. The company has a fifty day moving average price of C$2.46 and a 200-day moving average price of C$2.77.
Insider Activity at New Found Gold
In other news, Director Keith Boyle bought 25,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost 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.
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.
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