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The closing price of New Found Gold Corp (AMEX: NFGC) was $2.59 for the day, up 1.17% from the previous closing price of $2.56. In other words, the price has increased by $1.17 from its previous closing price. On the day, 1.04 million shares were traded. NFGC stock price reached its highest trading level at $2.669 during the session, while it also had its lowest trading level at $2.51.
Ratios:
Our analysis of NFGC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.07 and its Current Ratio is at 5.07. 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 517228160 and an Enterprise Value of 459436352.
Stock Price History:
Over the past 52 weeks, NFGC has reached a high of $4.60, while it has fallen to a 52-week low of $2.27. The 50-Day Moving Average of the stock is -5.69%, while the 200-Day Moving Average is calculated to be -20.26%.
Shares Statistics:
NFGC traded an average of 541.18K shares per day over the past three months and 641520 shares per day over the past ten days. A total of 186.87M shares are outstanding, with a floating share count of 112.64M. Insiders hold about 43.24% of the company’s shares, while institutions hold 4.09% stake in the company. Shares short for NFGC as of 1724976000 were 3701353 with a Short Ratio of 6.84, compared to 1722384000 on 2664875.
