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New Found Gold (CVE:NFG) Reaches New 1-Year Low - Time to Sell?

New Found Gold logo with Basic Materials background

New Found Gold Corp. (CVE:NFG - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$2.56 and last traded at C$2.56, with a volume of 95685 shares. The stock had previously closed at C$2.62.

New Found Gold Price Performance

The stock has a market cap of C$490.10 million, a P/E ratio of -6.53 and a beta of 0.56. The company has a fifty day moving average of C$3.32 and a 200 day moving average of C$3.86.

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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