New Gold (TSE:NGD) Hits New 1-Year High – Should You Buy?

New Gold Inc. (TSE:NGD) (ARCA:NGD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.40 and last traded at C$4.35, with a volume of 633135 shares traded. The stock had previously closed at C$4.15.

New Gold Stock Up 5.8 %

The stock has a market cap of C$3.47 billion, a price-to-earnings ratio of -109.75, a PEG ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The firm’s 50-day simple moving average is C$3.88 and its two-hundred day simple moving average is C$3.67.

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

Insider Activity at New Gold

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

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.