New Found Gold (CVE:NFG) Stock Price Down 2.2%

New Found Gold Corp. (CVE:NFGGet Free Report) fell 2.2% on Tuesday . The company traded as low as C$4.89 and last traded at C$4.90. 198,492 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 127,899 shares. The stock had previously closed at C$5.01.

New Found Gold Stock Down 2.2 %

The company has a market capitalization of C$926.54 million, a price-to-earnings ratio of -10.89 and a beta of 0.50. The firm has a 50 day simple moving average of C$4.55.

About New Found Gold

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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. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 94 mineral licenses and 6,649 claims covering an area of 166,225 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario.

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