Insider Buying: New Found Gold (CVE:NFG) Director Buys C$134,500.00 in Stock

New Found Gold Corp. (CVE:NFG) Director Chad Williams acquired 50,000 shares of New Found Gold stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of C$2.69 per share, with a total value of C$134,500.00. Following the purchase, the director owned 250,675 shares in the company, valued at C$674,315.75. The trade was a 24.92% increase in their position.

Chad Williams also recently made the following trade(s):

• On Monday, March 30th, Chad Williams acquired 11,000 shares of New Found Gold stock. The stock was acquired at an average cost of C$2.43 per share, with a total value of C$26,730.00.
• On Monday, March 30th, Chad Williams acquired 3,800 shares of New Found Gold stock. The stock was acquired at an average cost of C$2.44 per share, with a total value of C$9,272.00.
• On Monday, March 30th, Chad Williams acquired 35,200 shares of New Found Gold stock. The stock was acquired at an average cost of C$2.45 per share, with a total value of C$86,240.00.

New Found Gold Trading Up 1.8%

NFG stock opened at C$2.80 on Friday. New Found Gold Corp. has a 1 year low of C$1.84 and a 1 year high of C$4.89. The company has a fifty day simple moving average of C$2.76 and a 200 day simple moving average of C$3.42. The firm has a market cap of C$1.08 billion, a PE ratio of -11.67 and a beta of 2.05.

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.