New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price traded down 29.3% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares traded hands during trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Up 11.6 %
The stock has a market cap of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56. The stock’s fifty day moving average price is C$2.48 and its 200 day moving average price is C$2.78.
Insiders Place Their Bets
In related news, Director Keith Boyle purchased 25,000 shares of New Found Gold stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. Corporate insiders own 44.06% of the company’s stock.
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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