Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) shot up 4.4% during trading on Wednesday . The company traded as high as C$1.68 and last traded at C$1.67. 224,302 shares changed hands during trading, a decline of 61% from the average session volume of 573,678 shares. The stock had previously closed at C$1.60.
New Found Gold Trading Up 4.4 %
The stock has a market cap of C$339.78 million, a price-to-earnings ratio of -5.89 and a beta of 0.56. The firm's 50-day moving average is C$1.86 and its two-hundred day moving average is C$2.36.
Insider Buying and Selling at New Found Gold
In other New Found Gold news, Senior Officer Jared Ryan Saunders bought 33,250 shares of New Found Gold stock in a transaction dated Friday, April 11th. The stock was acquired at an average cost of C$1.50 per share, for a total transaction of C$49,875.00. Also, Director Keith Boyle purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of C$1.52 per share, for a total transaction of C$37,875.00. Insiders bought 60,950 shares of company stock valued at $91,539 over the last quarter. 44.06% of the stock is currently owned by insiders.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider New Found Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Found Gold wasn't on the list.
While New Found Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
