New Found Gold Corp. (CVE:NFG – Get Free Report) shares shot up 0.7% during trading on Thursday . The company traded as high as C$1.50 and last traded at C$1.47. 441,250 shares were traded during trading, a decline of 28% from the average session volume of 613,457 shares. The stock had previously closed at C$1.46.
New Found Gold Trading Down 7.4 %
The firm has a market cap of C$280.78 million, a PE ratio of -4.87 and a beta of 0.56. The firm has a fifty day simple moving average of C$2.35 and a two-hundred day simple moving average of C$2.69.
Insider Activity at New Found Gold
In related news, Director Keith Boyle acquired 25,000 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired 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 currently 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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