New Gold Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $2.46 on 07/11/24, while the lowest price for the same duration was marked at $0.86 on 10/02/23.
52-week price history of NGD Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. New Gold Inc’s current trading price is -4.27% away from its 52-week high, while its distance from the 52-week low is 173.84%. The stock’s price range during this period has spanned from $0.86 to $2.46. In the Basic Materials sector, the New Gold Inc’s shares surpassed a trading volume of approximately 2.04 million for the day, which was noticeably lower compared to the average daily volume of 9.9.09 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
New Gold Inc (NGD) has experienced a quarterly rise of 30.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.86B and boasts a workforce of 1542 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.82, with a change in price of +1.24. Similarly, New Gold Inc recorded 8,784,599 in trading volume during the last 100 days, posting a change of +107.39%.
Examining NGD’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today’s raw stochastic average for New Gold Inc over the last 50 days is 89.58%.This indicates a increase from the raw stochastic average of the past 20 days, which was 86.61%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 86.61% and 88.54%, respectively.
NGD Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price increase of 61.30%. However, over the past six months, we’ve seen a weaker performance of 77.07%. The price of NGD fallen by 18.34% over the last 30 days. And in the last five days, it has surged by 7.53%.