Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) fell 29.3% during mid-day trading on Wednesday . The stock traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares were traded during trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Up 11.6 %
The stock has a 50 day moving average price of C$2.46 and a two-hundred day moving average price of C$2.77. 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 news, Director Keith Boyle purchased 25,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is 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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