Insider Selling: New Gold Inc. (TSE:NGD) Senior Officer Sells 100,000 Shares of Stock

New Gold Inc. (TSE:NGD) (ARCA:NGD) Senior Officer Yohann Bouchard sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total transaction of C$425,000.00.

New Gold Trading Up 4.6 %

Shares of NGD traded up C$0.19 during trading hours on Wednesday, hitting C$4.32. The stock had a trading volume of 1,163,932 shares, compared to its average volume of 1,427,680. The firm has a market cap of C$3.42 billion, a P/E ratio of -106.75, a P/E/G ratio of -3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The company’s fifty day simple moving average is C$3.90 and its 200 day simple moving average is C$3.41. New Gold Inc. has a 12-month low of C$1.47 and a 12-month high of C$4.37.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of New Gold from C$4.00 to C$4.50 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$3.71.

About New Gold

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.