Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as C$1.38 and last traded at C$1.53, with a volume of 1210633 shares trading hands. The stock had previously closed at C$1.47.
New Found Gold Price Performance
The firm has a market cap of C$312.32 million, a PE ratio of -5.42 and a beta of 0.56. The stock has a 50 day simple moving average of C$2.48 and a 200-day simple moving average of C$2.78.
Insider Buying and Selling
In other news, Director Keith Boyle bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently owned by company insiders.
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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