New Gold (TSE:NGD) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

New Gold Inc. (TSE:NGD) (ARCA:NGD) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.81 and traded as high as C$4.03. New Gold shares last traded at C$4.03, with a volume of 255,149 shares changing hands.

New Gold Trading Up 0.7 %

The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. The firm has a market capitalization of C$3.20 billion, a price-to-earnings ratio of -101.25, a PEG ratio of -3.02 and a beta of 1.59. The company has a fifty day moving average price of C$3.82 and a two-hundred day moving average price of C$3.63.

New Gold (TSE:NGD) (ARCA:NGD) last announced its quarterly earnings results on Tuesday, October 29th. The company reported C$0.11 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.05. New Gold had a negative return on equity of 2.23% and a negative net margin of 2.53%. During the same period last year, the firm posted $0.04 EPS.

Insider Transactions at New Gold

In other news, Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total value of C$425,000.00. Corporate insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.