New Found Gold Corp. (CVE:NFG – Get Free Report) shares traded down 26.7% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.65. 4,868,045 shares changed hands during trading, an increase of 863% from the average session volume of 505,417 shares. The stock had previously closed at C$2.25.
New Found Gold Trading Up 11.6 %
The business has a 50-day moving average price of C$2.48 and a 200-day moving average price of C$2.78. The firm has a market cap of C$333.68 million, a P/E ratio of -5.79 and a beta of 0.56.
Insider Activity
In related news, Director Keith Boyle purchased 25,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. Company insiders own 44.06% of the company’s stock.
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.
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