New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price dropped 3.8% during trading on Thursday . The company traded as low as C$3.29 and last traded at C$3.50. Approximately 795,428 shares were traded during trading, an increase of 302% from the average daily volume of 197,623 shares. The stock had previously closed at C$3.64.
New Found Gold Stock Performance
The stock has a market capitalization of C$691.67 million, a price-to-earnings ratio of -9.21 and a beta of 0.56. The company has a fifty day simple moving average of C$3.75 and a two-hundred day simple moving average of C$4.38.
New Found Gold (CVE:NFG – Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported C($0.06) earnings per share for the quarter.
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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