Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) fell 25.3% during trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.68. 1,838,900 shares changed hands during trading, an increase of 316% from the average session volume of 441,718 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Down 7.5 %
The business’s 50 day simple moving average is C$2.48 and its 200 day simple moving average is C$2.78. The company has a market capitalization of C$299.09 million, a PE ratio of -5.19 and a beta of 0.56.
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.
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