New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price was down 28.4% on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.61. Approximately 3,469,755 shares traded hands during trading, an increase of 637% from the average daily volume of 470,954 shares. The stock had previously closed at C$2.25.
New Found Gold Price Performance
The company’s fifty day moving average price is C$2.48 and its 200 day moving average price is C$2.78. The company has a market cap of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56.
Insider Transactions 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 bought at an average cost of C$1.52 per share, with a total value of C$37,875.00. Company insiders own 44.06% of the company’s stock.
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.
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