New Found Gold Corp. (CVE:NFG – Get Free Report) shares traded down 29.8% during trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.58. 3,547,956 shares traded hands during mid-day trading, an increase of 653% from the average session volume of 470,954 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The company has a fifty day moving average of C$2.48 and a two-hundred day moving average of C$2.78. The company has a market cap of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56.
Insider Buying and Selling at New Found Gold
In other New Found Gold news, Director Keith Boyle purchased 25,000 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently owned by corporate 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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