New Found Gold (OTCMKTS:NFGFF) Shares Up 3.5% – Should You Buy?

New Found Gold Corp. (OTCMKTS:NFGFF – Get Free Report)’s stock price traded up 3.5% during trading on Thursday . The company traded as high as $1.60 and last traded at $1.47. Approximately 1,521,366 shares traded hands during mid-day trading, an increase of 998% from the average session volume of 138,499 shares. The stock had previously closed at $1.42.

New Found Gold Stock Performance

The company’s 50-day moving average price is $1.68 and its two-hundred day moving average price is $2.21.

New Found Gold Company Profile

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New Found Gold Corp. is a junior mineral exploration company focused on the discovery and development of gold deposits. Headquartered in Vancouver, British Columbia, the company trades on the OTC Markets under the symbol NFGFF and maintains a primary listing on the TSX Venture Exchange. Its corporate mandate is to advance high‐grade gold targets through systematic exploration, resource definition and preliminary economic assessment.

The company’s flagship asset is the Queensway project, located in Newfoundland and Labrador’s emerging Gander Gold District.

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