New Gold (TSE:NGD) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

New Gold Inc. (TSE:NGD) (ARCA:NGD) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.84 and traded as low as C$3.80. New Gold shares last traded at C$3.93, with a volume of 1,179,761 shares traded.

New Gold Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12. The stock has a market cap of C$2.16 billion, a P/E ratio of 107.55, a PEG ratio of -3.02 and a beta of 1.59. The stock has a fifty day simple moving average of C$4.00 and a 200-day simple moving average of C$3.86.

Insiders Place Their Bets

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. Company insiders own 4.92% of the company’s stock.

New Gold Company Profile

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.