New Found Gold Corp. (CVE:NFG – Get Free Report) traded down 29.3% on Wednesday . The company traded as low as C$1.55 and last traded at C$1.59. 6,227,355 shares were traded during mid-day trading, an increase of 1,074% from the average session volume of 530,354 shares. The stock had previously closed at C$2.25.
New Found Gold Stock Up 11.6 %
The company has a market capitalization of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56. The stock has a 50-day moving average of C$2.46 and a 200 day moving average of C$2.77.
Insider Buying and Selling
In related news, Director Keith Boyle purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of C$1.52 per share, with a total value of C$37,875.00. 44.06% of the stock is currently owned by corporate insiders.
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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