New Found Gold (CVE:NFG) Stock Price Up 7.8% - Still a Buy?
New Found Gold Corp. (CVE:NFG) shares rose 7.8% to C$1.93 during trading, with a high of C$2.06 and a significant increase in trading volume. The company's market cap is C$406.93 million, with a price-to-earnings ratio of -7.06. Insider transactions included purchases by Senior Officer Jared Ryan Saunders and Director Keith Boyle. New Found Gold focuses on mineral exploration, primarily for gold, in Newfoundland and Labrador, and Ontario, holding 100% interests in the Queensway project.
Shares of New Found Gold Corp. (CVE:NFG - Get Free Report) rose 7.8% during trading on Wednesday . The stock traded as high as C$2.06 and last traded at C$1.93. Approximately 1,258,174 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 552,438 shares. The stock had previously closed at C$1.79.
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New Found Gold Stock Up 11.7%
The company's 50 day moving average is C$1.64 and its 200 day moving average is C$2.21. The firm has a market capitalization of C$406.93 million, a price-to-earnings ratio of -7.06 and a beta of 0.56.
Insider Transactions at New Found Gold
In other news, Senior Officer Jared Ryan Saunders purchased 33,250 shares of the stock in a transaction on Friday, April 11th. The stock was purchased at an average price of C$1.50 per share, for a total transaction of C$49,875.00. Also, Director Keith Boyle purchased 25,000 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of C$1.52 per share, with a total value of C$37,875.00. Over the last 90 days, insiders purchased 60,950 shares of company stock valued at $91,539. 44.06% of the stock is currently owned by insiders.
New Found Gold Company Profile
(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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