New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price traded up 9.3% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as C$2.60 and last traded at C$2.59. 124,505 shares were traded during trading, a decline of 86% from the average session volume of 895,029 shares. The stock had previously closed at C$2.37.
Specifically, Director Chad Williams purchased 11,000 shares of New Found Gold stock in a transaction that occurred on Monday, March 30th. The stock was bought at an average price of C$2.43 per share, with a total value of C$26,730.00. Following the completion of the transaction, the director directly owned 161,675 shares of the company’s stock, valued at approximately C$392,870.25. The trade was a 7.30% increase in their ownership of the stock. Also, Director Chad Williams bought 35,200 shares of the business’s stock in a transaction on Monday, March 30th. The shares were acquired at an average price of C$2.45 per share, for a total transaction of C$86,240.00. Following the completion of the purchase, the director owned 200,675 shares in the company, valued at approximately C$491,653.75. The trade was a 21.27% increase in their position.
New Found Gold Price Performance
The company has a 50 day moving average price of C$3.58 and a two-hundred day moving average price of C$3.51. The stock has a market cap of C$897.55 million, a PE ratio of -13.00 and a beta of 1.39.
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. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.
Read More
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.
