New Found Gold Corp (AMEX:NFGC) shares, rose in value on Wednesday, June 18, with the stock price down by -0.69% to the previous day’s close as strong demand from buyers drove the stock to $1.43.
Actively observing the price movement in the last trading, the stock closed the session at $1.44, falling within a range of $1.42 and $1.4633. The value of beta (5-year monthly) was 0.719. Referring to stock’s 52-week performance, its high was $3.65, and the low was $0.93. On the whole, NFGC has fluctuated by 9.16% over the past month.
With the market capitalization of New Found Gold Corp currently standing at about $287.09 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 -2.59% and 10.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.94, while the 7-day volatility ratio is showing 1.01% which for the 30-day chart, stands at 4.38%. Furthermore, New Found Gold Corp (NFGC)’s beta value is 1.08, and its average true range (ATR) is 0.09.
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 -0.69% in last session, and over the past year, it shrunk by -54.46%%.
Data on historical trading for New Found Gold Corp (AMEX:NFGC) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 1.45 million. According to company’s latest data on outstanding shares, there are 200.61 million shares outstanding.
Nearly 41.07% of New Found Gold Corp’s shares belong to company insiders and institutional investors own 6.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.51 million shares as on 2025-05-30, resulting in a short ratio of 7.27. The stock has fallen by -21.43% 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.
