New Found Gold Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $4.60 on 10/25/23, while the lowest price during the same period was $2.27 on 08/05/24.
52-week price history of NFGC Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. New Found Gold Corp’s current trading price is -43.48% away from its 52-week high, while its distance from the 52-week low is 14.54%. The stock’s price range during this period has fluctuated between $2.27 and $4.60. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 0.69 million for the day, which was evidently higher than the average daily volume of 0.56 million over the last three months.
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Financial Performance and Market Capitalization
New Found Gold Corp (NFGC) has experienced a quarterly decline of -8.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 516.02M and boasts a workforce of 98 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.99, with a change in price of -0.99. Similarly, New Found Gold Corp recorded 479,252 in trading volume during the last 100 days, posting a change of -27.58%.
NFGC Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NFGC stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
NFGC Stock Stochastic Average
New Found Gold Corp’s raw stochastic average for the past 50 days is currently at 35.87%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 40.82%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 59.18% and 60.83%, respectively.
NFGC 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. Year to date metric has recorded a loss of -25.71%.However, over the last six months, we can see a stronger performance of -29.73%. Over the last 30 days, the price of NFGC has leaped by -3.35%. And in the last five days, it has surged by 0.39%.
