New Found Gold Corp. (CVE:NFG - Get Free Report) shares traded down 8.2% during mid-day trading on Tuesday . The company traded as low as C$2.23 and last traded at C$2.25. 1,270,546 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 430,407 shares. The stock had previously closed at C$2.45.
New Found Gold Stock Performance
The company 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 P/E ratio of -5.95 and a beta of 0.56.
Insiders Place Their Bets
In other news, Director Keith Boyle acquired 25,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. Corporate insiders own 44.06% of the company's stock.
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.
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