Insider Buying: New Found Gold (CVE:NFG) Director Acquires C$24,200.00 in Stock

New Found Gold Corp. (CVE:NFG) Director Tamara Lee Brown bought 10,000 shares of the stock in a transaction dated Monday, March 30th. The shares were acquired at an average price of C$2.42 per share, for a total transaction of C$24,200.00. Following the completion of the purchase, the director directly owned 16,700 shares in the company, valued at approximately C$40,414. This trade represents a 149.25% increase in their ownership of the stock.

New Found Gold Stock Performance

Shares of CVE:NFG opened at C$2.78 on Thursday. The company has a market capitalization of C$959.69 million, a P/E ratio of -13.90 and a beta of 1.39. The company’s 50-day moving average is C$3.51 and its 200 day moving average is C$3.50. New Found Gold Corp. has a fifty-two week low of C$1.34 and a fifty-two week high of C$4.89.

New Found Gold Company Profile

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.