New Found Gold Corp. (CVE:NFG - Get Free Report) shares traded down 28% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.62. 4,129,891 shares changed hands during mid-day trading, an increase of 738% from the average session volume of 493,048 shares. The stock had previously closed at C$2.25.
New Found Gold Trading Up 2.7 %
The firm has a fifty day moving average price of C$2.45 and a 200 day moving average price of C$2.76. The firm has a market cap of C$342.84 million, a PE ratio of -5.95 and a beta of 0.56.
Insider Buying and Selling at New Found Gold
In related news, Director Keith Boyle bought 25,000 shares of the firm's stock in a transaction on 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. 44.06% of the stock is currently owned by company insiders.
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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