New Gold (TSE:NGD) Stock Passes Above Fifty Day Moving Average – Time to Sell?

New Gold Inc. (TSE:NGDGet Free Report) (ARCA:NGD) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.97 and traded as high as C$4.35. New Gold shares last traded at C$4.28, with a volume of 2,257,075 shares traded.

New Gold Trading Down 6.1 %

The company has a current ratio of 1.42, a quick ratio of 1.64 and a debt-to-equity ratio of 45.12. The business has a 50 day moving average of C$3.97 and a 200-day moving average of C$3.82. The stock has a market cap of C$2.21 billion, a PE ratio of 110.01, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.

Insider Activity at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the company’s stock in a transaction that occurred 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 corporate insiders.

About New Gold

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New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.

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