New Found Gold Corp. $NFGC Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its holdings in New Found Gold Corp. (NYSE:NFGC) by 255.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,019 shares of the company’s stock after buying an additional 207,720 shares during the quarter. Bank of Montreal Can owned about 0.13% of New Found Gold worth $414,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Total Wealth Planning & Management Inc. increased its holdings in shares of New Found Gold by 7.0% during the second quarter. Total Wealth Planning & Management Inc. now owns 134,200 shares of the company’s stock valued at $191,000 after acquiring an additional 8,800 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of New Found Gold during the first quarter valued at $25,000. National Bank of Canada FI grew its holdings in shares of New Found Gold by 60.4% during the first quarter. National Bank of Canada FI now owns 66,058 shares of the company’s stock valued at $77,000 after buying an additional 24,876 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of New Found Gold in the first quarter valued at about $52,000. Finally, Sprott Inc. raised its position in New Found Gold by 817.7% during the 1st quarter. Sprott Inc. now owns 898,400 shares of the company’s stock worth $1,080,000 after buying an additional 800,500 shares during the last quarter. Hedge funds and other institutional investors own 3.43% of the company’s stock.

New Found Gold Trading Up 6.8%

Shares of NYSE NFGC opened at $2.21 on Wednesday. The stock has a market cap of $537.31 million, a price-to-earnings ratio of -10.05 and a beta of 1.35. The company has a 50 day simple moving average of $2.20 and a two-hundred day simple moving average of $1.76. New Found Gold Corp. has a 12 month low of $0.93 and a 12 month high of $2.82.

New Found Gold Profile

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; and the Kingsway project located in Gander, Newfoundland.