New Gold Inc (NGD) Stock: A Year of Decreases and Increases

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. New Gold Inc’s current trading price is -16.45% away from its 52-week high, while its distance from the 52-week low is 124.42%. The stock’s price range during this period has varied between $0.86 and $2.31. The company, active in the Basic Materials sector, saw a trading volume of around 3.14 million for the day, considerably lower average daily volume of 10.11 million observed over the last three months.

In terms of market performance, New Gold Inc had a somewhat regular. The highest value for the stock in the past year was $2.31 on 05/30/24, while the lowest value was $0.86 on 10/02/23.

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How Financial Performance Impacts Market Capitalization

New Gold Inc (NGD) has experienced a quarterly rise of 15.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.33B and boasts a workforce of 1542 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6233, with a change in price of +0.6300. Similarly, New Gold Inc recorded 8,035,998 in trading volume during the last 100 days, posting a change of +48.84%.

How NGD’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NGD stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.54.

NGD Stock Stochastic Average

As of today, the raw stochastic average of New Gold Inc over the last 50 days is at 40.00%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 31.58%. Further, the company’s Stochastic %K and %D values for the last 20 days were 46.78% and 53.22%, respectively.

NGD Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded an increase of 32.19%. However, over the last six months, the performance has been weaker by 34.97%. The price of NGD decreased -2.03% over the last 30 days. And in the last five days, it has fallen by -9.39%.

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