New Gold (TSE:NGD) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.81 and traded as high as C$4.03. New Gold shares last traded at C$4.03, with a volume of 255,149 shares traded.

New Gold Price Performance

The stock's fifty day moving average price is C$3.81. The company has a market cap of C$3.18 billion, a P/E ratio of -100.50, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64.

Insider Activity

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00. 4.92% of the stock is currently owned by insiders.

About New Gold

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.