New Gold (TSE:NGD) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

New Gold Inc. (TSE:NGD) (ARCA:NGD) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.81 and traded as high as C$4.03. New Gold shares last traded at C$4.03, with a volume of 255,149 shares trading hands.

New Gold Trading Up 0.7 %

The company has a debt-to-equity ratio of 52.45, a current ratio of 1.50 and a quick ratio of 1.64. The company has a market cap of C$3.20 billion, a P/E ratio of -101.25, a P/E/G ratio of -3.02 and a beta of 1.59. The stock’s 50-day moving average is C$3.82 and its two-hundred day moving average is C$3.63.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.05. New Gold had a negative net margin of 2.53% and a negative return on equity of 2.23%. During the same period in the previous year, the firm posted $0.04 EPS.

Insider Activity at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total value of C$425,000.00. 4.92% of the stock is owned by corporate insiders.

About New Gold

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.