Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) were up 2.1% during trading on Friday . The company traded as high as C$1.52 and last traded at C$1.49. Approximately 666,347 shares were traded during trading, an increase of 8% from the average daily volume of 617,133 shares. The stock had previously closed at C$1.46.
New Found Gold Stock Down 7.4 %
The stock has a market cap of C$280.78 million, a PE ratio of -4.87 and a beta of 0.56. The firm has a fifty day moving average of C$2.35 and a 200 day moving average of C$2.68.
Insider Activity
In related news, Director Keith Boyle acquired 25,000 shares of New Found Gold stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of C$1.52 per share, for a total transaction of C$37,875.00. Company insiders own 44.06% of the company’s stock.
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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