New Found Gold Corp. (CVE:NFG - Get Free Report)'s stock price shot up 14% on Friday following insider buying activity. The stock traded as high as C$1.88 and last traded at C$1.87. 1,203,596 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 591,064 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle acquired 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, with a total value of C$37,875.00.
New Found Gold Stock Performance
The business has a 50 day simple moving average of C$2.43 and a two-hundred day simple moving average of C$2.74. The firm has a market capitalization of C$323.51 million, a P/E ratio of -5.61 and a beta of 0.56.
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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