New Found Gold Corp. (CVE:NFG - Get Free Report) shares traded down 29.3% during trading on Wednesday . The stock traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares traded hands during trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Price Performance
The stock has a market cap of C$342.84 million, a PE ratio of -5.95 and a beta of 0.56. The stock has a 50-day moving average price of C$2.45 and a two-hundred day moving average price of C$2.76.
Insiders Place Their Bets
In other New Found Gold news, Director Keith Boyle acquired 25,000 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of C$1.52 per share, for a total transaction of C$37,875.00. Corporate 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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