New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report) fell 6.6% during trading on Thursday. The company traded as low as $1.39 and last traded at $1.41. 1,280,365 shares traded hands during mid-day trading, an increase of 824% from the average daily volume of 138,499 shares. The stock had previously closed at $1.51.
New Found Gold Price Performance
The stock’s 50 day simple moving average is $1.72 and its 200-day simple moving average is $1.76.
About New Found Gold
New Found Gold Corp. is a Canadian mineral exploration company focused on the discovery and development of gold deposits. The company is not a gold producer; its activities primarily include geological mapping, drilling, sampling, and other exploration work to evaluate mineral properties.
New Found Gold’s principal asset is the Queensway Project in Newfoundland, Canada. The project is located near the communities of Gander and Appleton and is accessible by major transportation infrastructure, including the Trans-Canada Highway.
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