New Found Gold Corp. (CVE:NFG – Get Free Report) was up 1.5% during mid-day trading on Monday . The company traded as high as C$1.81 and last traded at C$1.71. Approximately 643,126 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 614,113 shares. The stock had previously closed at C$1.69.
New Found Gold Price Performance
The stock’s 50-day moving average price is C$2.41 and its 200 day moving average price is C$2.72. The firm has a market cap of C$299.09 million, a P/E ratio of -5.19 and a beta of 0.56.
Insiders Place Their Bets
In related news, Director Keith Boyle purchased 25,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. 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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