Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) fell 28.4% during mid-day trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.61. 3,469,755 shares traded hands during mid-day trading, an increase of 637% from the average session volume of 470,954 shares. The stock had previously closed at C$2.25.
New Found Gold Trading Down 25.8 %
The firm has a market capitalization of C$339.78 million, a PE ratio of -5.89 and a beta of 0.56. The firm has a 50 day simple moving average of C$2.52 and a 200 day simple moving average of C$2.80.
About New Found Gold
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.
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