Sprott Inc. Invests $178,000 in New Found Gold Corp. (NYSE:NFGC)

Sprott Inc. acquired a new stake in shares of New Found Gold Corp. (NYSE:NFGC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 97,900 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in New Found Gold by 10,700.5% during the 3rd quarter. Toronto Dominion Bank now owns 21,493 shares of the company’s stock valued at $54,000 after purchasing an additional 21,294 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of New Found Gold by 26.8% in the third quarter. National Bank of Canada FI now owns 25,926 shares of the company’s stock valued at $66,000 after buying an additional 5,476 shares during the period. Quadrature Capital Ltd bought a new position in New Found Gold during the third quarter valued at about $79,000. Atom Investors LP bought a new position in New Found Gold during the third quarter valued at about $87,000. Finally, XTX Topco Ltd acquired a new position in New Found Gold during the third quarter worth about $103,000. Institutional investors and hedge funds own 3.43% of the company’s stock.

New Found Gold Trading Up 4.9 %

Shares of NYSE NFGC opened at $1.93 on Thursday. New Found Gold Corp. has a twelve month low of $1.51 and a twelve month high of $4.15. The firm has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.13. The company has a market capitalization of $386.88 million, a price-to-earnings ratio of -8.77 and a beta of 0.97.

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; and the Kingsway project located in Gander, Newfoundland.