New Found Gold Corp. (
CVE:NFG -
Get Free Report) shares shot up 11.8% on Friday . The stock traded as high as C$3.32 and last traded at C$3.32. 628,784 shares were traded during trading, an increase of 17% from the average session volume of 535,889 shares. The stock had previously closed at C$2.97.
New Found Gold Trading Up 12.5%
The firm has a 50-day simple moving average of C$2.46 and a two-hundred day simple moving average of C$2.07. The company has a market capitalization of C$811.71 million, a price-to-earnings ratio of -14.52 and a beta of 1.04.
New Found Gold Company Profile
(
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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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