New Found Gold Corp. (CVE:NFG – Get Free Report) shot up 0.3% during trading on Monday . The stock traded as high as C$1.81 and last traded at C$1.69. 356,994 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 604,731 shares. The stock had previously closed at C$1.69.
New Found Gold Stock Performance
The company has a market cap of C$323.51 million, a price-to-earnings ratio of -5.61 and a beta of 0.56. The company’s 50 day moving average price is C$2.41 and its 200 day moving average price is C$2.72.
Insider Transactions at New Found Gold
In other news, Director Keith Boyle bought 25,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. 44.06% of the stock is currently owned by corporate insiders.
New Found Gold Company Profile
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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