New Found Gold Corp. (CVE:NFG - Get Free Report)'s share price was up 13.4% during trading on Wednesday . The company traded as high as C$2.09 and last traded at C$2.03. Approximately 1,664,547 shares changed hands during trading, an increase of 196% from the average daily 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 market cap of C$433.38 million, a P/E ratio of -7.52 and a beta of 0.56. The business has a fifty day moving average of C$1.64 and a 200 day moving average of C$2.20.
Insider Activity at New Found Gold
In other news, Director Keith Boyle purchased 25,000 shares of New Found Gold stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of C$1.52 per share, with a total value of C$37,875.00. Also, Senior Officer Jared Ryan Saunders purchased 33,250 shares of New Found Gold stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of C$1.50 per share, for a total transaction of C$49,875.00. Insiders acquired a total of 60,950 shares of company stock worth $91,539 over the last quarter. 44.06% of the stock is owned by corporate insiders.
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.
Further Reading
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