New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price dropped 0.4% during trading on Friday . The stock traded as low as C$2.44 and last traded at C$2.49. Approximately 91,682 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 241,164 shares. The stock had previously closed at C$2.50.
New Found Gold Price Performance
The company has a market cap of C$492.07 million, a price-to-earnings ratio of -6.55 and a beta of 0.56. The firm has a 50-day moving average price of C$2.49 and a 200 day moving average price of C$3.22.
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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