New Gold (TSE:NGD) Sets New 52-Week High – Here’s Why

New Gold Inc. (TSE:NGD) (ARCA:NGD)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$4.40 and last traded at C$4.35, with a volume of 633135 shares changing hands. The stock had previously closed at C$4.15.

New Gold Price Performance

The firm has a 50-day simple moving average of C$3.89 and a two-hundred day simple moving average of C$3.69. The company has a market capitalization of C$3.47 billion, a price-to-earnings ratio of -109.75, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45.

New Gold (TSE:NGD) (ARCA:NGD) last released its earnings results on Tuesday, October 29th. The company reported C$0.11 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.05. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. During the same quarter in the previous year, the company earned $0.04 earnings per share.

Insider Buying and Selling

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

About New Gold

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.