New Found Gold Corp. (CVE:NFG – Get Free Report)’s share price was up 12.8% on Friday after an insider bought additional shares in the company. The stock traded as high as C$1.92 and last traded at C$1.85. Approximately 1,628,702 shares were traded during trading, an increase of 171% from the average daily volume of 601,077 shares. The stock had previously closed at C$1.64.
Specifically, Director Keith Boyle acquired 25,000 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of C$1.52 per share, with a total value of C$37,875.00.
New Found Gold Stock Performance
The business’s 50 day moving average price is C$2.45 and its 200-day moving average price is C$2.76. The firm has a market cap of C$342.84 million, a price-to-earnings ratio of -5.95 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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