New Found Gold Corp. (CVE:NFG – Get Free Report) shares shot up 1.4% during mid-day trading on Thursday . The stock traded as high as C$1.50 and last traded at C$1.48. 367,832 shares traded hands during trading, a decline of 40% from the average session volume of 611,881 shares. The stock had previously closed at C$1.46.
New Found Gold Price Performance
The stock’s fifty day moving average price is C$2.35 and its 200-day moving average price is C$2.69. The firm has a market cap of C$280.78 million, a PE ratio of -4.87 and a beta of 0.56.
Insider Activity at New Found Gold
In related news, Director Keith Boyle bought 25,000 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is owned by corporate 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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