Jane Street Group LLC Sells 18,128 Shares of New Found Gold Corp. (NYSE:NFGC)

Jane Street Group LLC trimmed its position in New Found Gold Corp. (NYSE:NFGC) by 29.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,547 shares of the company’s stock after selling 18,128 shares during the quarter. Jane Street Group LLC’s holdings in New Found Gold were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of New Found Gold in the 2nd quarter valued at $703,000. Renaissance Technologies LLC bought a new position in shares of New Found Gold during the second quarter valued at approximately $637,000. 1832 Asset Management L.P. bought a new position in New Found Gold in the 2nd quarter worth about $71,000. Rathbones Group PLC bought a new position in New Found Gold in the 2nd quarter valued at approximately $145,000. Finally, Van ECK Associates Corp raised its holdings in shares of New Found Gold by 2.5% during the third quarter. Van ECK Associates Corp now owns 5,469,511 shares of the company’s stock valued at $13,757,000 after purchasing an additional 132,063 shares during the last quarter. Hedge funds and other institutional investors own 3.43% of the company’s stock.

New Found Gold Stock Performance

New Found Gold stock opened at $1.78 on Wednesday. The stock has a fifty day moving average of $1.78 and a 200 day moving average of $2.35. The stock has a market cap of $356.82 million, a PE ratio of -8.09 and a beta of 0.98. New Found Gold Corp. has a one year low of $1.51 and a one year high of $4.15.

New Found Gold 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; and the Kingsway project located in Gander, Newfoundland.