New Found Gold Corp. (CVE:NFG - Get Free Report) shares dropped 8.2% during mid-day trading on Tuesday . The company traded as low as C$2.23 and last traded at C$2.25. Approximately 1,270,546 shares changed hands during trading, an increase of 195% from the average daily volume of 430,407 shares. The stock had previously closed at C$2.45.
New Found Gold Stock Performance
The company has a market capitalization of C$342.84 million, a price-to-earnings ratio of -5.95 and a beta of 0.56. The company has a 50-day moving average price of C$2.45 and a 200-day moving average price of C$2.76.
Insider Buying and Selling
In other New Found Gold news, Director Keith Boyle bought 25,000 shares of New Found Gold stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is owned by insiders.
New Found Gold Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider New Found Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Found Gold wasn't on the list.
While New Found Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
