Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) were up 0.6% on Monday . The company traded as high as C$1.81 and last traded at C$1.70. Approximately 597,589 shares changed hands during trading, a decline of 3% from the average daily volume of 613,307 shares. The stock had previously closed at C$1.69.
New Found Gold Stock Up 2.1 %
The firm's 50 day simple moving average is C$2.37 and its 200-day simple moving average is C$2.71. The company has a market capitalization of C$303.16 million, a PE ratio of -5.26 and a beta of 0.56.
Insider Activity at New Found Gold
In related news, Director Keith Boyle bought 25,000 shares of the company'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. Company 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.
Further Reading
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