New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price dropped 26.2% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.66. Approximately 2,066,662 shares were traded during mid-day trading, an increase of 357% from the average daily volume of 452,117 shares. The stock had previously closed at C$2.25.
New Found Gold Price Performance
The firm’s 50 day moving average price is C$2.48 and its two-hundred day moving average price is C$2.78. The firm has a market cap of C$299.09 million, a price-to-earnings ratio of -5.19 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.
Further Reading
- Five stocks we like better than New Found Gold
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- How China’s Recovery Could Boost These 3 Platinum Plays
- Dividend Payout Ratio Calculator
- Fortinet: A Top Cybersecurity Stock With Growth Catalysts
- 3 Healthcare Dividend Stocks to Buy
- 4 Reasons Amazon Stock Can’t Be Ignored Right Now
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.
