New Found Gold Corp (AMEX:NFGC) shares, rose in value, with the stock price down by -7.09% to the previous day’s close as strong demand from buyers drove the stock to $1.18.
Actively observing the price movement in the last trading, the stock closed the session at $1.27, falling within a range of $1.16 and $1.25. The value of beta (5-year monthly) was 0.471. Referring to stock’s 52-week performance, its high was $4.07, and the low was $0.93. On the whole, NFGC has fluctuated by -32.95% over the past month.
With the market capitalization of New Found Gold Corp currently standing at about $236.72 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-20.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NFGC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NFGC currently trading nearly 1.46% and -23.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.33, while the 7-day volatility ratio is showing 9.67% which for the 30-day chart, stands at 10.70%. Furthermore, New Found Gold Corp (NFGC)’s beta value is 0.84, and its average true range (ATR) is 0.12.
A comparison of New Found Gold Corp (NFGC) with its peers suggests the former has fared considerably weaker in the market. NFGC showed an intraday change of -7.09% in last session, and over the past year, it shrunk by -67.49%%.
Data on historical trading for New Found Gold Corp (AMEX:NFGC) indicates that the trading volumes over the past 10 days have averaged 0.9 and over the past 3 months, they’ve averaged 933.39K. According to company’s latest data on outstanding shares, there are 200.46 million shares outstanding.
Nearly 40.73% of New Found Gold Corp’s shares belong to company insiders and institutional investors own 5.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.74 million shares as on 2025-03-31, resulting in a short ratio of 3.32. The stock has fallen by -35.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NFGC stock heading into the next quarter.
