New Found Gold Corp. (CVE:NFG – Get Free Report)’s stock price dropped 0.2% on Friday . The company traded as low as C$4.87 and last traded at C$4.91. Approximately 72,883 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 149,195 shares. The stock had previously closed at C$4.92.
New Found Gold Price Performance
The stock’s 50 day simple moving average is C$4.97 and its two-hundred day simple moving average is C$4.75. The stock has a market cap of C$930.15 million, a P/E ratio of -10.91 and a beta of 0.57.
New Found Gold (CVE:NFG – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.09) by C$0.02.
New Found Gold Company Profile
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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