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New Found Gold (CVE:NFG) Hits New 52-Week Low - Should You Sell?

New Found Gold logo with Basic Materials background

New Found Gold Corp. (CVE:NFG - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.15 and last traded at C$3.16, with a volume of 329291 shares traded. The stock had previously closed at C$3.34.

New Found Gold Stock Performance

The business has a fifty day moving average of C$3.57 and a 200-day moving average of C$4.10. The company has a market capitalization of C$614.60 million, a P/E ratio of -8.18 and a beta of 0.56.

New Found Gold (CVE:NFG - Get Free Report) last issued its earnings results on Friday, August 9th. The company reported C($0.06) earnings per share (EPS) for the quarter.

About New Found Gold

(Get Free Report)

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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