Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) traded down 3.8% on Wednesday . The company traded as low as C$1.53 and last traded at C$1.53. 611,030 shares traded hands during trading, an increase of 16% from the average session volume of 528,640 shares. The stock had previously closed at C$1.59.
New Found Gold Stock Performance
The stock's 50 day simple moving average is C$2.45 and its 200 day simple moving average is 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.
Insider Activity at New Found Gold
In other news, Director Keith Boyle acquired 25,000 shares of the business'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. 44.06% of the stock is owned by insiders.
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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