New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price fell 29.3% during mid-day trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares were traded during trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Up 2.7 %
The firm has a 50 day moving average of C$2.45 and a 200 day moving average of C$2.76. The firm has a market cap of C$342.84 million, a price-to-earnings ratio of -5.95 and a beta of 0.56.
Insider Buying and Selling
In related news, Director Keith Boyle bought 25,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was 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 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.
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