New Gold (TSE:NGD) Reaches New 12-Month High – What’s Next?

Shares of New Gold Inc. (TSE:NGDGet Free Report) (ARCA:NGD) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$4.96 and last traded at C$4.78, with a volume of 2014645 shares trading hands. The stock had previously closed at C$4.80.

New Gold Stock Down 0.4 %

The stock has a market cap of C$2.63 billion, a PE ratio of 130.81, a P/E/G ratio of -3.02 and a beta of 1.59. The business has a 50 day moving average price of C$4.16 and a 200 day moving average price of C$3.93. The company has a quick ratio of 1.64, a current ratio of 1.42 and a debt-to-equity ratio of 45.12.

Insider Activity

In other news, Senior Officer Keith Murphy sold 41,863 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of C$4.29, for a total transaction of C$179,592.27. Insiders own 4.92% of the company’s stock.

New Gold Company Profile

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New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.

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