New Found Gold Corp. (CVE:NFG – Get Free Report) shares fell 3.4% during trading on Wednesday . The company traded as low as C$3.32 and last traded at C$3.39. 561,151 shares were traded during mid-day trading, a decline of 40% from the average session volume of 927,565 shares. The stock had previously closed at C$3.51.
New Found Gold Stock Down 3.4%
The company has a fifty day simple moving average of C$3.97 and a two-hundred day simple moving average of C$3.49. The stock has a market capitalization of C$1.17 billion, a P/E ratio of -15.41 and a beta of 1.39.
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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