New Found Gold (CVE:NFG) Trading Up 0.3% - Should You Buy?

New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price traded up 0.3% during trading on Monday . The stock traded as high as C$1.81 and last traded at C$1.69. 356,994 shares were traded during trading, a decline of 41% from the average session volume of 604,731 shares. The stock had previously closed at C$1.69.

New Found Gold Stock Performance

The stock has a market cap of C$297.06 million, a PE ratio of -5.15 and a beta of 0.56. The business has a 50 day moving average price of C$2.39 and a two-hundred day moving average price of C$2.71.

Insiders Place Their Bets

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 purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. Insiders own 44.06% of the company's stock.

New Found Gold Company Profile

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.