New Found Gold Corp. (CVE:NFG – Get Free Report) shot up 11.3% during trading on Wednesday . The company traded as high as C$1.58 and last traded at C$1.57. 507,710 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 612,302 shares. The stock had previously closed at C$1.41.
New Found Gold Trading Up 9.9 %
The firm has a 50-day simple moving average of C$2.29 and a two-hundred day simple moving average of C$2.64. The stock has a market cap of C$315.37 million, a P/E ratio of -5.47 and a beta of 0.56.
Insider Buying and Selling
In other news, Director Keith Boyle acquired 25,000 shares of New Found Gold stock in a transaction on Thursday, March 27th. The shares were purchased 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 currently owned by company insiders.
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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