Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) were up 12.8% during trading on Friday following insider buying activity. The company traded as high as C$1.92 and last traded at C$1.85. Approximately 1,628,702 shares traded hands during mid-day trading, an increase of 171% from the average daily volume of 601,077 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle purchased 25,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of C$1.52 per share, for a total transaction of C$37,875.00.
New Found Gold Stock Performance
The stock’s fifty day moving average is C$2.45 and its two-hundred day moving average is C$2.76. The firm has a market capitalization of C$342.84 million, a price-to-earnings ratio of -5.95 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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