New Found Gold (CVE:NFG) Stock Price Up 1.4% – What’s Next?

New Found Gold Corp. (CVE:NFG) shares shot up 1.4% during trading on Thursday . The stock traded as high as C$1.50 and last traded at C$1.48. 367,832 shares traded hands during trading, a decline of 40% from the average session volume of 611,881 shares. The stock had previously closed at C$1.46.

New Found Gold Stock Up 2.1 %

The stock has a market capitalization of C$303.16 million, a P/E ratio of -5.26 and a beta of 0.56. The business has a fifty day moving average price of C$2.39 and a 200-day moving average price of C$2.71.

Insider Buying and Selling at New Found Gold

In other news, Director Keith Boyle bought 25,000 shares of New Found Gold stock in a transaction that occurred 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. Corporate insiders own 44.06% of the company’s stock.

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.