Van ECK Associates Corp decreased its position in New Found Gold Corp. (NYSE:NFGC - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,056,008 shares of the company's stock after selling 413,503 shares during the quarter. Van ECK Associates Corp owned 2.52% of New Found Gold worth $9,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in New Found Gold in the 3rd quarter worth approximately $103,000. HM Payson & Co. increased its stake in New Found Gold by 31.5% in the 3rd quarter. HM Payson & Co. now owns 101,000 shares of the company's stock worth $256,000 after purchasing an additional 24,180 shares during the period. Quadrature Capital Ltd purchased a new position in New Found Gold in the 3rd quarter worth approximately $79,000. Atom Investors LP purchased a new position in New Found Gold in the 3rd quarter worth approximately $87,000. Finally, National Bank of Canada FI increased its stake in New Found Gold by 26.8% in the 3rd quarter. National Bank of Canada FI now owns 25,926 shares of the company's stock worth $66,000 after purchasing an additional 5,476 shares during the period. Institutional investors own 3.43% of the company's stock.
New Found Gold Price Performance
New Found Gold stock traded up $0.10 during trading hours on Thursday, reaching $1.90. The company had a trading volume of 646,098 shares, compared to its average volume of 470,200. The company has a 50-day moving average price of $1.74 and a 200 day moving average price of $2.15. The firm has a market cap of $380.87 million, a price-to-earnings ratio of -8.64 and a beta of 0.97. New Found Gold Corp. has a 12-month low of $1.51 and a 12-month high of $4.15.
New Found Gold Company Profile
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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; and the Kingsway project located in Gander, Newfoundland.
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