New Found Gold Corp. (CVE:NFG – Get Free Report) shares fell 8.5% during mid-day trading on Thursday . The company traded as low as C$3.67 and last traded at C$3.68. 666,688 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 939,869 shares. The stock had previously closed at C$4.02.
New Found Gold Stock Down 8.5%
The firm has a market capitalization of C$1.27 billion, a P/E ratio of -16.73 and a beta of 1.51. The business’s 50-day simple moving average is C$4.10 and its 200 day simple moving average is C$3.29.
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. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.
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