New Found Gold (CVE:NFG) Shares Down 26.2% - Time to Sell?

New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price traded down 26.2% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.66. 5,280,875 shares traded hands during mid-day trading, an increase of 934% from the average session volume of 510,845 shares. The stock had previously closed at C$2.25.

New Found Gold Price Performance

The stock has a market capitalization of C$342.84 million, a P/E ratio of -5.95 and a beta of 0.56. The stock's fifty day moving average price is C$2.45 and its 200 day moving average price is C$2.76.

Insider Activity at New Found Gold

In other news, Director Keith Boyle acquired 25,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is owned by corporate insiders.

New Found Gold Company Profile

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.