New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report) shares dropped 4.6% on Wednesday . The company traded as low as $1.23 and last traded at $1.25. Approximately 977,122 shares changed hands during mid-day trading, an increase of 606% from the average daily volume of 138,499 shares. The stock had previously closed at $1.31.
New Found Gold Trading Down 4.6%
The firm has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $1.60.
About New Found Gold
New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador and Ontario, Canada. The company primarily explores for gold deposit. It holds an interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,030 hectares of land located near Gander, Newfoundland.
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