New Found Gold (CVE:NFG) Stock Price Down 29.3% - Time to Sell?

New Found Gold Corp. (CVE:NFG - Get Free Report)'s stock price was down 29.3% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares were traded during trading, an increase of 1,074% from the average daily volume of 530,354 shares. The stock had previously closed at C$2.25.

New Found Gold Stock Up 2.7 %

The stock has a market cap of C$342.84 million, a P/E ratio of -5.95 and a beta of 0.56. The company's 50 day moving average price is C$2.45 and its 200-day moving average price is C$2.76.

Insider Buying and Selling

In other news, Director Keith Boyle acquired 25,000 shares of New Found Gold stock in a transaction that occurred on Thursday, March 27th. The shares were acquired 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 owned by insiders.

About New Found Gold

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.