New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price rose 1.5% during trading on Monday . The company traded as high as C$1.81 and last traded at C$1.71. Approximately 643,126 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 614,113 shares. The stock had previously closed at C$1.69.
New Found Gold Stock Down 7.4 %
The company has a market capitalization of C$280.78 million, a PE ratio of -4.87 and a beta of 0.56. The business has a 50 day simple moving average of C$2.37 and a 200 day simple moving average of C$2.71.
Insider Activity at New Found Gold
In other news, Director Keith Boyle bought 25,000 shares of New Found Gold stock in a transaction that occurred 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 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.
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