New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price shot up 12.8% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as C$1.92 and last traded at C$1.85. 1,628,702 shares were traded during mid-day trading, an increase of 171% from the average session volume of 601,077 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of C$1.52 per share, with a total value of C$37,875.00.
New Found Gold Stock Performance
The business’s fifty day moving average price is C$2.46 and its 200-day moving average price is C$2.77. The stock has a market cap of C$372.34 million, a PE ratio of -6.46 and a beta of 0.56.
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.
Read More
- Five stocks we like better than New Found Gold
- How to Evaluate a Stock Before Buying
- Why Dollar Tree’s Family Dollar Sale Could Spark a Comeback
- High Dividend REITs: Are They an Ideal Way to Diversify?
- JPMorgan: The ‘NVIDIA of Banking’ Poised for More Gains?
- Dividend Payout Ratio Calculator
- Buy the Chewy Stock Reversal? Here’s Why Now Is the Time
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.
