New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price traded down 25.3% during trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.68. 1,838,900 shares changed hands during mid-day trading, an increase of 316% from the average session volume of 441,718 shares. The stock had previously closed at C$2.25.
New Found Gold Price Performance
The stock has a 50 day simple moving average of C$2.52 and a two-hundred day simple moving average of C$2.80. The company has a market capitalization of C$335.71 million, a price-to-earnings ratio of -5.82 and a beta of 0.56.
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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