New Found Gold Corp. (NYSE:NFGC – Get Free Report) shares fell 2.2% on Tuesday . The stock traded as low as $2.68 and last traded at $2.70. 95,633 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 371,379 shares. The stock had previously closed at $2.76.
New Found Gold Stock Down 2.9 %
The business has a 50-day simple moving average of $2.75 and a 200-day simple moving average of $3.21. The stock has a market cap of $515.06 million, a P/E ratio of -8.90 and a beta of 1.11.
New Found Gold (NYSE:NFGC – Get Free Report) last released its earnings results on Friday, August 9th. The company reported ($0.05) earnings per share for the quarter. On average, analysts predict that New Found Gold Corp. will post -0.3 earnings per share for the current fiscal year.
Institutional Investors Weigh In On New Found Gold
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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