New Gold (TSE:NGD) Stock Passes Above Fifty Day Moving Average – Time to Sell?

by · The Cerbat Gem

Shares of New Gold Inc. (TSE:NGD – Get Free Report) (ARCA:NGD) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.97 and traded as high as C$4.35. New Gold shares last traded at C$4.28, with a volume of 2,257,075 shares changing hands.

New Gold Price Performance

The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of 110.01, a PEG ratio of -3.02 and a beta of 1.59. The company has a 50-day moving average of C$3.97 and a 200-day moving average of C$3.82. The company has a debt-to-equity ratio of 45.12, a quick ratio of 1.64 and a current ratio of 1.42.

Insiders Place Their Bets

In other New Gold news, Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$4.25, for a total transaction of C$425,000.00. 4.92% of the stock is currently owned by insiders.

About New Gold

(Get Free Report)

New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.

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