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New Gold (TSE:NGD) Stock Passes Above 50 Day Moving Average - Here's What Happened

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New Gold Inc. (TSE:NGD - Get Free Report) ARCA: NGD's share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$4.04 and traded as high as C$4.14. New Gold shares last traded at C$4.01, with a volume of 2,197,254 shares traded.

New Gold Trading Down 1.5 %

The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42. The firm has a market capitalization of C$2.53 billion, a P/E ratio of 125.61, a PEG ratio of -3.02 and a beta of 1.59. The firm has a 50 day simple moving average of C$4.10 and a two-hundred day simple moving average of C$3.91.

Insiders Place Their Bets

In other New Gold news, Senior Officer Keith Murphy sold 41,863 shares of New Gold stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total value of C$179,592.27. 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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