Shares of New Found Gold Corp. (CVE:NFG – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$3.78 and last traded at C$3.78, with a volume of 75354 shares trading hands. The stock had previously closed at C$3.86.
New Found Gold Price Performance
The firm’s 50 day moving average is C$4.68 and its 200 day moving average is C$4.65. The company has a market cap of C$702.82 million, a PE ratio of -8.58 and a beta of 0.57.
New Found Gold (CVE:NFG – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C($0.07) EPS for the quarter, beating analysts’ consensus estimates of C($0.09) by C$0.02.
About New Found Gold
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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