Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) were up 7.8% during trading on Wednesday . The stock traded as high as C$2.06 and last traded at C$1.93. Approximately 1,258,174 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 552,438 shares. The stock had previously closed at C$1.79.
New Found Gold Stock Up 14.8%
The firm has a 50 day simple moving average of C$1.64 and a two-hundred day simple moving average of C$2.21. The stock has a market capitalization of C$418.12 million, a P/E ratio of -7.25 and a beta of 0.56.
Insider Buying and Selling
In related news, Director Keith Boyle bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00. Also, Senior Officer Jared Ryan Saunders bought 33,250 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of C$1.50 per share, with a total value of C$49,875.00. Insiders purchased a total of 60,950 shares of company stock valued at $91,539 in the last three months. Insiders own 44.06% of the company's stock.
New Found Gold Company Profile
(
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.
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