New Found Gold (CVE:NFG) Shares Down 26.2% – Should You Sell?

Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) traded down 26.2% during trading on Tuesday . The stock traded as low as C$1.55 and last traded at C$1.66. 5,280,875 shares changed hands during trading, an increase of 934% from the average session volume of 510,845 shares. The stock had previously closed at C$2.25.

New Found Gold Price Performance

The business’s fifty day simple moving average is C$2.52 and its two-hundred day simple moving average is C$2.80. The company has a market cap of C$323.51 million, a PE ratio of -5.61 and a beta of 0.56.

New Found Gold Company Profile

(Get Free Report)

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.

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