New Found Gold Corp. (CVE:NFG – Get Free Report) shares dropped 29.3% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares traded hands 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 company 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 simple moving average of C$2.48 and a two-hundred day simple moving average of C$2.78.
Insiders Place Their Bets
In other news, Director Keith Boyle acquired 25,000 shares of New Found Gold stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of C$1.52 per share, with a total value 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.
Featured Stories
- Five stocks we like better than New Found Gold
- How Can Investors Benefit From After-Hours Trading
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
- 3 Stocks to Consider Buying in October
- Top 3 Beverage Stocks Pouring Out Profits
- Why Invest in High-Yield Dividend Stocks?
- 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.
