New Found Gold (CVE:NFG) Stock Price Up 2.1% - Here's Why

New Found Gold Corp. (CVE:NFG - Get Free Report)'s stock price traded up 2.1% during mid-day trading on Friday . The stock traded as high as C$1.52 and last traded at C$1.49. 666,347 shares traded hands during trading, an increase of 8% from the average session volume of 617,133 shares. The stock had previously closed at C$1.46.

New Found Gold Stock Performance

The stock has a market capitalization of C$313.33 million, a P/E ratio of -5.43 and a beta of 0.56. The stock's fifty day simple moving average is C$2.25 and its two-hundred day simple moving average is C$2.62.

Insider Buying and Selling at New Found Gold

In other news, Director Keith Boyle purchased 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. Insiders own 44.06% of the company's stock.

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.