Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) were down 25.3% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.68. Approximately 1,838,900 shares were traded during mid-day trading, an increase of 316% from the average daily volume of 441,718 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The business's 50-day moving average is C$2.45 and its two-hundred day moving average is C$2.76. The firm has a market capitalization of C$342.84 million, a price-to-earnings ratio of -5.95 and a beta of 0.56.
Insiders Place Their Bets
In other New Found Gold news, Director Keith Boyle purchased 25,000 shares of the company's stock in a transaction dated 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. Company insiders own 44.06% of the company's stock.
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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