XTX Topco Ltd Acquires New Shares in New Found Gold Corp. (NYSE:NFGC)

XTX Topco Ltd purchased a new stake in shares of New Found Gold Corp. (NYSE:NFGC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,708 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in New Found Gold in the second quarter worth approximately $703,000. Renaissance Technologies LLC purchased a new position in shares of New Found Gold in the 2nd quarter worth $637,000. Van ECK Associates Corp boosted its stake in shares of New Found Gold by 9.5% in the 2nd quarter. Van ECK Associates Corp now owns 5,337,448 shares of the company’s stock worth $15,061,000 after buying an additional 462,191 shares during the last quarter. LGT Fund Management Co Ltd. bought a new stake in shares of New Found Gold in the second quarter worth $113,000. Finally, 1832 Asset Management L.P. bought a new position in New Found Gold in the second quarter valued at about $71,000. 3.43% of the stock is owned by institutional investors.

New Found Gold Stock Performance

Shares of NYSE:NFGC opened at $1.63 on Friday. New Found Gold Corp. has a 52-week low of $1.51 and a 52-week high of $4.15. The stock has a market capitalization of $324.22 million, a price-to-earnings ratio of -7.41 and a beta of 1.00. The stock’s 50-day simple moving average is $2.00 and its two-hundred day simple moving average is $2.51.

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.