Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) were down 8.5% during trading on Thursday . The stock traded as low as C$3.67 and last traded at C$3.68. Approximately 666,688 shares were traded during trading, a decline of 29% from the average daily volume of 939,869 shares. The stock had previously closed at C$4.02.
New Found Gold Stock Performance
The stock’s 50-day moving average is C$4.09 and its 200-day moving average is C$3.30. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of -16.73 and a beta of 1.51.
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.
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