New Found Gold Corp. (CVE:NFG – Get Free Report) traded down 29.8% during mid-day trading on Tuesday . The company traded as low as C$1.55 and last traded at C$1.58. 3,547,956 shares changed hands during mid-day trading, an increase of 653% from the average session volume of 470,954 shares. The stock had previously closed at C$2.25.
New Found Gold Price Performance
The stock’s 50-day moving average price is C$2.52 and its 200 day moving average price is C$2.80. The firm has a market cap of C$339.78 million, a P/E ratio of -5.89 and a beta of 0.56.
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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