Gaining Ground: New Found Gold Corp (NFGC) Closes Higher at 1.56, Up 4.00%

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The price of New Found Gold Corp (AMEX: NFGC) closed at $1.56 in the last session, up 4.00%% from day before closing price of $1.5. In other words, the price has increased by $4.00% from its previous closing price. On the day, 1.08 million shares were traded.

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 4.49 and its Current Ratio is at 4.49. 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.

Stock Price History:

Over the past 52 weeks, NFGC has reached a high of $3.65, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is 19.21%, while the 200-Day Moving Average is calculated to be -12.55%.

Shares Statistics:

A total of 200.61M shares are outstanding, with a floating share count of 112.20M. Insiders hold about 44.11% of the company’s shares, while institutions hold 6.09% stake in the company.

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