New Found Gold Corp. (CVE:NFG - Get Free Report) shares traded down 26.7% on Tuesday . The company traded as low as C$1.55 and last traded at C$1.65. 4,868,045 shares changed hands during trading, an increase of 863% from the average session volume of 505,417 shares. The stock had previously closed at C$2.25.
New Found Gold Trading Up 2.7 %
The stock has a market cap of C$342.84 million, a P/E ratio of -5.95 and a beta of 0.56. The company's fifty day simple moving average is C$2.45 and its 200-day simple moving average is C$2.76.
Insider Activity at New Found Gold
In related 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 cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently owned by insiders.
New Found Gold Company Profile
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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.
Further Reading
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