New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.67 and traded as low as $1.62. New Found Gold shares last traded at $1.62, with a volume of 1,053,333 shares traded.
New Found Gold Trading Down 4.7%
The company has a fifty day moving average price of $1.67 and a two-hundred day moving average price of $1.93.
About New Found Gold
New Found Gold Corp. is a Canadian mineral exploration company focused on discovering and advancing gold deposits. Its primary asset is the Queensway Gold Project in Newfoundland and Labrador, Canada. The company explores the Queensway property through geological studies, drilling and other fieldwork to identify and evaluate gold mineralization. The project is located near Gander and includes areas along the Appleton and JBP fault zones. New Found Gold is an exploration-stage company; its activities center on assessing and developing its mineral properties rather than producing or selling gold.
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