New Gold (TSE:NGD) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

New Gold Inc. (TSE:NGD) (ARCA:NGD)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.87 and traded as high as C$4.16. New Gold shares last traded at C$4.15, with a volume of 924,184 shares.

New Gold Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. The firm’s 50-day moving average price is C$3.87 and its 200-day moving average price is C$3.67. The stock has a market capitalization of C$3.28 billion, a PE ratio of -103.75, a PEG ratio of -3.02 and a beta of 1.59.

New Gold (TSE:NGD) (ARCA:NGD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.05. New Gold had a negative return on equity of 2.23% and a negative net margin of 2.53%. During the same quarter in the prior year, the firm earned $0.04 EPS.

Insider Activity at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00. 4.92% of the stock is currently owned by insiders.

About New Gold

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.