New Found Gold Corp. (CVE:NFG - Get Free Report) traded up 13.4% during trading on Wednesday . The company traded as high as C$2.09 and last traded at C$2.03. 1,664,547 shares changed hands 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 Trading Up 0.5%
The firm has a market capitalization of C$433.38 million, a PE ratio of -7.52 and a beta of 0.56. The business has a 50-day moving average of C$1.64 and a 200 day moving average of C$2.20.
Insider Activity at New Found Gold
In related news, Director Keith Boyle purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired 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 the stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of C$1.50 per share, with a total value of C$49,875.00. In the last three months, insiders purchased 60,950 shares of company stock valued at $91,539. 44.06% of the stock is owned by insiders.
About New Found Gold
(
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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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