New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $1.70 and traded as high as $1.76. New Found Gold shares last traded at $1.75, with a volume of 1,669,454 shares changing hands.
New Found Gold Price Performance
The firm has a 50-day moving average of $1.71 and a 200-day moving average of $2.00.
About New Found Gold
New Found Gold Corp. is a Canadian mineral exploration company focused on the discovery and development of gold deposits. The company is not a gold producer; its activities primarily include geological mapping, drilling, sampling, and other exploration work to evaluate mineral properties.
New Found Gold’s principal asset is the Queensway Project in Newfoundland, Canada. The project is located near the communities of Gander and Appleton and is accessible by major transportation infrastructure, including the Trans-Canada Highway.
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