New Found Gold Corp. (CVE:NFG – Get Free Report) was down 4.7% during mid-day trading on Thursday . The stock traded as low as C$2.41 and last traded at C$2.41. Approximately 109,246 shares changed hands during trading, a decline of 51% from the average daily volume of 222,368 shares. The stock had previously closed at C$2.53.
New Found Gold Stock Performance
The firm has a market cap of C$454.53 million, a price-to-earnings ratio of -6.05 and a beta of 0.56. The business has a fifty day moving average of C$2.90 and a two-hundred day moving average of C$3.55.
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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