Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) traded up 14% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as C$1.88 and last traded at C$1.87. 1,203,596 shares were traded during trading, an increase of 104% from the average session volume of 591,064 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle purchased 25,000 shares of the stock in a transaction on Thursday, March 27th. The stock was bought at an average price of C$1.52 per share, for a total transaction of C$37,875.00.
New Found Gold Stock Performance
The company’s 50-day moving average price is C$2.46 and its 200-day moving average price is C$2.77. The firm has a market capitalization of C$380.48 million, a PE ratio of -6.60 and a beta of 0.56.
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.
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