New Found Gold Corp. (CVE:NFG - Get Free Report) shares dropped 0.4% during mid-day trading on Friday . The stock traded as low as C$2.44 and last traded at C$2.49. Approximately 91,682 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 241,164 shares. The stock had previously closed at C$2.50.
New Found Gold Price Performance
The business has a 50 day moving average of C$2.49 and a 200 day moving average of C$3.22. The firm has a market capitalization of C$492.07 million, a price-to-earnings ratio of -6.55 and a beta of 0.56.
About New Found Gold
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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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