New Found Gold (CVE:NFG) Stock Price Up 1.4% - Time to Buy?
New Found Gold Corp. (CVE:NFG) saw its stock price rise by 1.4% to C$1.48, with a trading volume of 367,832 shares, down 40% from its average. The company has a market cap of C$303.16 million and a P/E ratio of -5.26. Insider activity includes Director Keith Boyle purchasing 25,000 shares at C$1.52 each. Despite the stock's performance, analysts currently rate it as a Hold, suggesting there may be better investment options available.
New Found Gold Corp. (CVE:NFG - Get Free Report) was up 1.4% on Thursday . The stock traded as high as C$1.50 and last traded at C$1.48. Approximately 367,832 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 611,881 shares. The stock had previously closed at C$1.46.
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New Found Gold Stock Performance
The firm has a market cap of C$303.16 million, a P/E ratio of -5.26 and a beta of 0.56. The firm has a 50 day simple moving average of C$2.39 and a 200 day simple moving average of C$2.71.
Insider Buying and Selling
In other New Found Gold news, Director Keith Boyle purchased 25,000 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is owned by company insiders.
About New Found Gold
(Get Free Report)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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