New Gold (TSE:NGD) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

by · The Markets Daily

New Gold Inc. (TSE:NGD – Get Free Report) (ARCA:NGD)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.89 and traded as low as C$3.56. New Gold shares last traded at C$3.58, with a volume of 1,288,989 shares traded.

New Gold Price Performance

The stock’s 50 day simple moving average is C$3.88 and its 200-day simple moving average is C$3.46. The company has a debt-to-equity ratio of 52.45, a quick ratio of 1.64 and a current ratio of 1.50. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of -90.25, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.

Insider Activity at New Gold

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. 4.92% of the stock is owned by insiders.

About New Gold

(Get Free Report)

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.

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