New Found Gold Corp. (CVE:NFG - Get Free Report) traded down 8.8% during trading on Wednesday . The company traded as low as C$1.45 and last traded at C$1.45. Approximately 1,111,383 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 537,916 shares. The stock had previously closed at C$1.59.
New Found Gold Trading Up 2.7 %
The stock 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's 50 day moving average is C$2.45 and its 200 day moving average is C$2.76.
Insider Transactions at New Found Gold
In other New Found Gold news, Director Keith Boyle bought 25,000 shares of the firm's stock in a transaction dated 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. 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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