New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price was up 4.3% on Wednesday . The company traded as high as C$2.53 and last traded at C$2.53. Approximately 177,404 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 223,223 shares. The stock had previously closed at C$2.43.
New Found Gold Trading Down 3.4 %
The company’s 50 day simple moving average is C$2.92 and its 200-day simple moving average is C$3.57. The firm has a market cap of C$454.53 million, a P/E ratio of -6.26 and a beta of 0.56.
About New Found Gold
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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