Key Points
- Director Chad Williams bought 50,000 shares of New Found Gold on May 27 at an average price of C$2.69, spending C$134,500.
- After the purchase, Williams’s direct stake increased to 250,675 shares, worth about C$674,316 and representing a 24.92% increase in his position.
- The insider buying follows several earlier March purchases by Williams, while New Found Gold shares recently traded at C$2.64, below their 50-day and 200-day moving averages.
New Found Gold Corp. (CVE:NFG - Get Free Report) Director Chad Williams bought 50,000 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of C$2.69 per share, for a total transaction of C$134,500.00. Following the purchase, the director directly owned 250,675 shares of the company's stock, valued at approximately C$674,315.75. This trade represents a 24.92% increase in their position.
Chad Williams also recently made the following trade(s):
- On Monday, March 30th, Chad Williams purchased 11,000 shares of New Found Gold stock. The stock was acquired at an average price of C$2.43 per share, with a total value of C$26,730.00.
- On Monday, March 30th, Chad Williams purchased 3,800 shares of New Found Gold stock. The stock was acquired at an average price of C$2.44 per share, with a total value of C$9,272.00.
- On Monday, March 30th, Chad Williams purchased 35,200 shares of New Found Gold stock. The stock was acquired at an average price of C$2.45 per share, with a total value of C$86,240.00.
New Found Gold Price Performance
Shares of New Found Gold stock opened at C$2.64 on Thursday. New Found Gold Corp. has a 1 year low of C$1.79 and a 1 year high of C$4.89. The business has a 50-day moving average of C$2.76 and a two-hundred day moving average of C$3.43. The company has a market capitalization of C$1.01 billion, a P/E ratio of -11.00 and a beta of 2.05.
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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