New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report)’s stock price dropped 6.6% during mid-day trading on Thursday. The company traded as low as $1.39 and last traded at $1.41. 1,280,365 shares were traded during trading, an increase of 824% from the average session volume of 138,499 shares. The stock had previously closed at $1.51.
New Found Gold Price Performance
The stock’s fifty day moving average is $1.72 and its two-hundred day moving average is $1.76.
About New Found Gold
New Found Gold Corp. is a Canadian mineral exploration company focused on the discovery and development of gold deposits. The company is not a gold producer; its activities primarily include geological mapping, drilling, sampling, and other exploration work to evaluate mineral properties.
New Found Gold’s principal asset is the Queensway Project in Newfoundland, Canada. The project is located near the communities of Gander and Appleton and is accessible by major transportation infrastructure, including the Trans-Canada Highway.
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