New Found Gold Corp. (CVE:NFG – Get Free Report) shot up 2.1% on Thursday . The company traded as high as C$1.50 and last traded at C$1.49. 245,385 shares were traded during trading, a decline of 60% from the average session volume of 608,489 shares. The stock had previously closed at C$1.46.
New Found Gold Stock Performance
The company has a fifty day moving average of C$2.35 and a two-hundred day moving average of C$2.69. The firm has a market capitalization of C$280.78 million, a price-to-earnings ratio of -4.87 and a beta of 0.56.
Insider Activity
In related news, Director Keith Boyle bought 25,000 shares of New Found Gold stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently owned by company insiders.
New Found Gold Company Profile
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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