New Found Gold Corp. (CVE:NFG – Get Free Report) was down 29.3% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.59. Approximately 6,227,355 shares changed hands during mid-day trading, an increase of 1,074% from the average daily volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Down 29.3 %
The company has a market capitalization of C$323.51 million, a price-to-earnings ratio of -5.61 and a beta of 0.56. The stock has a 50 day simple moving average of C$2.52 and a 200 day simple moving average of C$2.80.
About New Found Gold
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.
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