Insider Buying: New Found Gold (CVE:NFG) Director Acquires 9,000 Shares of Stock

Key Points

  • Director Paul André Huet bought 9,000 shares on April 2 at an average price of C$2.68 (C$24,120 total), increasing his stake to 17,000 shares — a 112.5% boost to his position.
  • CVE:NFG opened at C$2.66 (down 0.7%), trades within a 52‑week range of C$1.34–C$4.89, has a market cap of ~C$918.27M, a negative P/E (-13.30), beta 2.02, and 50/200‑day moving averages of C$3.39 and C$3.50.
  • New Found Gold is a gold-focused mineral exploration company with 100% ownership of the large Queensway project (96 licenses, 6,659 claims, ~166,475 hectares) near Gander, Newfoundland.

New Found Gold Corp. (CVE:NFG - Get Free Report) Director Paul André Huet bought 9,000 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was purchased at an average price of C$2.68 per share, with a total value of C$24,120.00. Following the transaction, the director owned 17,000 shares in the company, valued at C$45,560. The trade was a 112.50% increase in their position.

New Found Gold Trading Down 0.7%

CVE NFG opened at C$2.66 on Tuesday. New Found Gold Corp. has a 52 week low of C$1.34 and a 52 week high of C$4.89. The stock has a market cap of C$918.27 million, a price-to-earnings ratio of -13.30 and a beta of 2.02. The company has a 50-day moving average price of C$3.39 and a two-hundred day moving average price of C$3.50.

About New Found Gold

(Get Free Report)

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. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.

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