New Found Gold (OTCMKTS:NFGFF) Shares Down 3.1% – Should You Sell?

New Found Gold Corp. (OTCMKTS:NFGFFGet Free Report)’s share price fell 3.1% during mid-day trading on Wednesday . The company traded as low as $1.5114 and last traded at $1.55. 3,096,907 shares changed hands during trading, an increase of 2,136% from the average session volume of 138,499 shares. The stock had previously closed at $1.60.

New Found Gold Trading Down 3.1%

The business has a 50-day simple moving average of $2.01 and a 200-day simple moving average of $2.48.

About New Found Gold

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New Found Gold Corp. is a junior mineral exploration company focused on the discovery and development of gold deposits. Headquartered in Vancouver, British Columbia, the company trades on the OTC Markets under the symbol NFGFF and maintains a primary listing on the TSX Venture Exchange. Its corporate mandate is to advance high‐grade gold targets through systematic exploration, resource definition and preliminary economic assessment.

The company’s flagship asset is the Queensway project, located in Newfoundland and Labrador’s emerging Gander Gold District.

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