New Gold (NYSE:NGD) Trading 5.2% Higher

New Gold Inc. (NYSE:NGDGet Rating)’s share price traded up 5.2% during mid-day trading on Friday . The company traded as high as $0.91 and last traded at $0.90. 48,093 shares changed hands during trading, a decline of 99% from the average session volume of 3,513,567 shares. The stock had previously closed at $0.86.

New Gold Trading Up 5.9 %

The company has a market capitalization of $617.60 million, a price-to-earnings ratio of 6.96 and a beta of 1.68. The business’s 50-day simple moving average is $0.75 and its 200-day simple moving average is $1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 2.80.

New Gold (NYSE:NGDGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $115.70 million for the quarter. New Gold had a net margin of 13.96% and a return on equity of 4.24%. On average, research analysts expect that New Gold Inc. will post -0.04 earnings per share for the current fiscal year.

About New Gold

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New Gold Inc, an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada.

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