New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price shot up 0.6% during mid-day trading on Monday . The stock traded as high as C$1.81 and last traded at C$1.70. 597,589 shares were traded during mid-day trading, a decline of 3% from the average session volume of 613,307 shares. The stock had previously closed at C$1.69.
New Found Gold Trading Down 8.2 %
The stock’s 50 day moving average price is C$2.41 and its two-hundred day moving average price is C$2.72. The firm has a market capitalization of C$297.06 million, a price-to-earnings ratio of -5.15 and a beta of 0.56.
Insider Buying and Selling at New Found Gold
In other New Found Gold news, Director Keith Boyle purchased 25,000 shares of the stock in a transaction on Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is owned by insiders.
About New Found Gold
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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