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The price of New Found Gold Corp (AMEX: NFGC) closed at $2.76 in the last session, up 8.24% from day before closing price of $2.55. In other words, the price has increased by $8.24 from its previous closing price. On the day, 2.0 million shares were traded. NFGC stock price reached its highest trading level at $2.785 during the session, while it also had its lowest trading level at $2.6.
Ratios:
We take a closer look at NFGC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.32 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of. The stock’s future direction. In the most recent recommendation for this company, ROTH MKM on August 15, 2023, initiated with a Buy rating and assigned the stock a target price of $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFGC now has a Market Capitalization of 672573952 and an Enterprise Value of 569453696.
Stock Price History:
The Beta on a monthly basis for NFGC is 1.40, which has changed by -0.022988498 over the last 52 weeks, in comparison to a change of 0.14201736 over the same period for the S&P500. Over the past 52 weeks, NFGC has reached a high of $2.81, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 36.71%, while the 200-Day Moving Average is calculated to be 67.95%.
Shares Statistics:
According to the various share statistics, NFGC traded on average about 1.16M shares per day over the past 3-months and 1569910 shares per day over the past 10 days. A total of 229.74M shares are outstanding, with a floating share count of 129.11M. Insiders hold about 46.88% of the company’s shares, while institutions hold 6.68% stake in the company. Shares short for NFGC as of 1759190400 were 8749221 with a Short Ratio of 7.56, compared to 1756425600 on 4893700.
