New Found Gold (OTCMKTS:NFGFF) Trading Down 8.4% – Here’s What Happened

New Found Gold Corp. (OTCMKTS:NFGFFGet Free Report)’s stock price was down 8.4% during trading on Friday . The company traded as low as $2.0550 and last traded at $2.07. 2,338,511 shares changed hands during trading, an increase of 1,588% from the average daily volume of 138,499 shares. The stock had previously closed at $2.26.

New Found Gold Price Performance

The company has a 50-day moving average price of $2.18 and a 200 day moving average price of $1.76.

New Found Gold Company Profile

(Get Free Report)

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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