New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price was up 2.1% during trading on Thursday . The stock traded as high as C$1.50 and last traded at C$1.49. Approximately 245,385 shares changed hands during trading, a decline of 60% from the average daily volume of 608,489 shares. The stock had previously closed at C$1.46.
New Found Gold Trading Down 7.4 %
The company has a market capitalization of C$280.78 million, a price-to-earnings ratio of -4.87 and a beta of 0.56. The stock’s 50 day moving average price is C$2.35 and its 200 day moving average price is C$2.69.
Insider Activity at New Found Gold
In other news, Director Keith Boyle purchased 25,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. 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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