New Gold (NYSE:NGD) Stock Price Up 8.4%

Shares of New Gold Inc. (NYSE:NGDGet Rating) rose 8.4% on Thursday . The company traded as high as $0.83 and last traded at $0.83. Approximately 12,992 shares were traded during trading, a decline of 100% from the average daily volume of 5,031,753 shares. The stock had previously closed at $0.76.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded New Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 9th.

New Gold Price Performance

The business’s 50 day moving average price is $1.04. The company has a quick ratio of 3.74, a current ratio of 4.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $552.30 million, a P/E ratio of 11.57 and a beta of 1.64.

About New Gold

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New Gold Inc, an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada.

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