New Found Gold (CVE:NFG) Hits New 52-Week Low – Time to Sell?

New Found Gold Corp. (CVE:NFGGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$1.38 and last traded at C$1.53, with a volume of 1210633 shares traded. The stock had previously closed at C$1.47.

New Found Gold Price Performance

The firm’s 50 day moving average is C$2.48 and its 200 day moving average is C$2.78. The company has a market capitalization of C$312.32 million, a PE ratio of -5.42 and a beta of 0.56.

Insider Activity at New Found Gold

In related news, Director Keith Boyle purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired 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 company insiders.

New Found Gold Company Profile

(Get Free Report)

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

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.