New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price fell 28% on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.62. 4,129,891 shares changed hands during mid-day trading, an increase of 738% from the average session volume of 493,048 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The stock has a fifty day moving average price of C$2.52 and a two-hundred day moving average price of C$2.80. The firm has a market capitalization of C$323.51 million, a P/E ratio of -5.61 and a beta of 0.56.
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
- Why Are Stock Sectors Important to Successful Investing?
- Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups
- How to Short Nasdaq: An Easy-to-Follow Guide
- NVIDIA Insiders Sell: This Is What It Means for the Market
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Space Stocks Bottoming: Which Are Positioned Best for a Bounce?
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.
