New Found Gold (CVE:NFG) Stock Price Up 13.4% - What's Next?

New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price traded up 13.4% during mid-day trading on Wednesday . The stock traded as high as C$2.09 and last traded at C$2.03. 1,664,547 shares were traded during mid-day trading, an increase of 196% from the average session volume of 561,736 shares. The stock had previously closed at C$1.79.

New Found Gold Stock Up 0.5%

The company has a 50 day moving average price of C$1.64 and a 200-day moving average price of C$2.20. The company has a market cap of C$433.38 million, a price-to-earnings ratio of -7.52 and a beta of 0.56.

Insider Activity

In related news, Director Keith Boyle bought 25,000 shares of New Found Gold stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost 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 New Found Gold stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average price of C$1.50 per share, for a total transaction of C$49,875.00. Insiders bought 60,950 shares of company stock valued at $91,539 over the last quarter. 44.06% of the stock is 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.