New Found Gold Corp. (CVE:NFG – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$2.83 and last traded at C$2.86, with a volume of 246807 shares trading hands. The stock had previously closed at C$3.05.
New Found Gold Stock Performance
The stock has a fifty day moving average price of C$3.41 and a 200-day moving average price of C$3.94. The firm has a market cap of C$511.84 million, a PE ratio of -6.82 and a beta of 0.56.
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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