Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) traded down 27.6% during trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.63. 4,658,080 shares changed hands during trading, an increase of 832% from the average session volume of 499,684 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The firm’s 50 day moving average price is C$2.48 and its two-hundred day moving average price is C$2.78. The company has a market cap of C$333.68 million, a P/E ratio of -5.79 and a beta of 0.56.
Insider Activity
In other New Found Gold news, Director Keith Boyle bought 25,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is currently owned by company insiders.
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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