New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price rose 2.1% during mid-day trading on Thursday . The stock traded as high as C$1.50 and last traded at C$1.49. Approximately 245,385 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 608,489 shares. The stock had previously closed at C$1.46.
New Found Gold Price Performance
The company has a fifty day simple moving average of C$2.39 and a 200-day simple moving average of C$2.71. The company has a market cap of C$305.19 million, a P/E ratio of -5.29 and a beta of 0.56.
Insiders Place Their Bets
In related news, Director Keith Boyle purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of C$1.52 per share, for a total transaction of C$37,875.00. Corporate insiders own 44.06% of the company’s stock.
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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