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$1.34 and last traded at C$1.41, with a volume of 554161 shares changing hands. The stock had previously closed at C$1.38.
New Found Gold Stock Performance
The stock has a market cap of C$323.51 million, a price-to-earnings ratio of -5.61 and a beta of 0.56. The company's 50 day simple moving average is C$2.22 and its 200 day simple moving average is C$2.59.
Insider Activity at New Found Gold
In other New Found Gold news, Director Keith Boyle acquired 25,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of C$1.52 per share, with a total value of C$37,875.00. Also, Senior Officer Jared Ryan Saunders bought 33,250 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of C$1.50 per share, for a total transaction of C$49,875.00. Insiders have purchased 60,450 shares of company stock worth $90,784 over the last quarter. 44.06% of the stock is currently owned by company insiders.
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.
Further Reading
Before you consider New Found Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Found Gold wasn't on the list.
While New Found Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
