Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as C$4.58 and last traded at C$4.52, with a volume of 1077730 shares. The stock had previously closed at C$4.24.
New Found Gold Stock Performance
The firm has a market capitalization of C$1.60 billion, a P/E ratio of -21.32 and a beta of 1.44. The stock has a 50 day moving average of C$3.92 and a 200-day moving average of C$3.11.
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. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.
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