Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) fell 26.2% during mid-day trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.66. 2,066,662 shares changed hands during trading, an increase of 357% from the average session volume of 452,117 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Performance
The company’s 50 day moving average price is C$2.48 and its 200-day moving average price is C$2.78. The company has a market cap of C$299.09 million, a PE ratio of -5.19 and a beta of 0.56.
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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