Insider Buying: New Found Gold (CVE:NFG) Director Acquires C$24,120.00 in Stock

New Found Gold Corp. (CVE:NFG) Director Paul André Huet purchased 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average cost of C$2.68 per share, with a total value of C$24,120.00. Following the completion of the purchase, the director owned 17,000 shares of the company’s stock, valued at C$45,560. This represents a 112.50% increase in their ownership of the stock.

New Found Gold Stock Performance

Shares of NFG opened at C$2.75 on Thursday. The stock has a market cap of C$949.34 million, a PE ratio of -13.75 and a beta of 2.02. New Found Gold Corp. has a fifty-two week low of C$1.41 and a fifty-two week high of C$4.89. The firm’s 50-day simple moving average is C$3.32 and its two-hundred day simple moving average is C$3.49.

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. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.