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New Gold (TSE:NGD) Reaches New 12-Month High - Still a Buy?

New Gold logo with Basic Materials background

New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD shares reached a new 52-week high during trading on Thursday . The company traded as high as C$4.40 and last traded at C$4.35, with a volume of 633135 shares changing hands. The stock had previously closed at C$4.15.

New Gold Trading Down 4.6 %

The firm has a market cap of C$3.31 billion, a price-to-earnings ratio of -104.75, a PEG ratio of -3.02 and a beta of 1.59. The firm has a fifty day simple moving average of C$3.90. The company has a quick ratio of 1.64, a current ratio of 1.50 and a debt-to-equity ratio of 52.45.

Insider Activity at New Gold

In other news, Senior Officer Yohann Bouchard sold 100,000 shares of New Gold stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. Company insiders own 4.92% of the company's stock.

New Gold Company Profile

(Get Free Report)

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.

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