New Found Gold (OTCMKTS:NFGFF) Shares Down 3.2% – Time to Sell?

New Found Gold Corp. (OTCMKTS:NFGFF) was down 3.2% on Thursday. The stock traded as low as $1.73 and last traded at $1.80. Approximately 995,476 shares traded hands during mid-day trading, an increase of 619% from the average session volume of 138,499 shares. The stock had previously closed at $1.86.

New Found Gold Trading Up 0.6%

The stock has a fifty day moving average of $1.67 and a 200-day moving average of $1.82.

About New Found Gold

New Found Gold Corp. is a Canadian mineral exploration company focused on the discovery and evaluation of gold deposits. The company is advancing exploration activities rather than operating producing mines, with its work centered on geological mapping, drilling, sampling and resource evaluation.

New Found Gold’s primary asset is the Queensway Project in Newfoundland, Canada. The project is located near Gander and benefits from access to transportation and existing infrastructure. Exploration at Queensway has targeted multiple gold-bearing zones, and the company continues to assess the project’s geological potential through ongoing drilling and technical studies.

New Found Gold is headquartered in Canada and is listed on the Toronto Stock Exchange under the symbol NFG, with its shares also traded in the United States under the symbol NFGFF.