New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price traded up 14% during trading on Friday after an insider bought additional shares in the company. The company traded as high as C$1.88 and last traded at C$1.87. 1,203,596 shares traded hands during mid-day trading, an increase of 104% from the average session volume of 591,064 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle acquired 25,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00.
New Found Gold Trading Up 2.7 %
The firm’s 50-day moving average is C$2.45 and its 200-day moving average is C$2.76. The firm has a market cap 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.
Featured Stories
- Five stocks we like better than New Found Gold
- Short Selling – The Pros and Cons
- Why Dollar Tree’s Family Dollar Sale Could Spark a Comeback
- Using the MarketBeat Dividend Tax Calculator
- JPMorgan: The ‘NVIDIA of Banking’ Poised for More Gains?
- How to Use the MarketBeat Stock Screener
- Buy the Chewy Stock Reversal? Here’s Why Now Is the Time
Receive News & Ratings for New Found Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Found Gold and related companies with MarketBeat.com's FREE daily email newsletter.
