New Found Gold Corp. (CVE:NFG - Get Free Report) rose 4.4% during trading on Wednesday . The stock traded as high as C$1.68 and last traded at C$1.67. Approximately 224,302 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 573,678 shares. The stock had previously closed at C$1.60.
New Found Gold Stock Up 4.4 %
The company has a market cap of C$339.78 million, a P/E ratio of -5.89 and a beta of 0.56. The business has a 50-day moving average price of C$1.86 and a two-hundred day moving average price of C$2.36.
Insiders Place Their Bets
In related news, Senior Officer Jared Ryan Saunders acquired 33,250 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average cost of C$1.50 per share, with a total value of C$49,875.00. Also, Director Keith Boyle acquired 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, with a total value of C$37,875.00. In the last three months, insiders bought 60,950 shares of company stock valued at $91,539. 44.06% of the stock is currently owned by insiders.
About New Found Gold
(
Get Free Report)
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.
Further Reading
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