New Found Gold Corp. (CVE:NFG – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$1.38 and last traded at C$1.53, with a volume of 1210633 shares changing hands. The stock had previously closed at C$1.47.
New Found Gold Trading Up 2.7 %
The business has a 50-day moving average price of C$2.45 and a 200 day moving average price of C$2.76. The stock has a market capitalization of C$342.84 million, a P/E ratio of -5.95 and a beta of 0.56.
Insiders Place Their Bets
In related news, Director Keith Boyle bought 25,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average price of C$1.52 per share, for a total transaction of C$37,875.00. Corporate insiders own 44.06% of the company’s stock.
New Found Gold Company Profile
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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