The stock price of New Found Gold Corp (AMEX: NFGC) has dropped by -5.45 compared to previous close of 1.10. prnewswire.com reported 2025-03-24 that Highlights: Indicated Mineral Resource: 18.0 million tonnes (Mt) grading 2.40 g/t Au1, for 1.39 million ounces (Moz). Inferred Mineral Resource: 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz.
Is It Worth Investing in New Found Gold Corp (AMEX: NFGC) Right Now?
Moreover, the 36-month beta value for NFGC is 0.91. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NFGC is 119.04M and currently, short sellers hold a 3.14% of that float. On April 03, 2025, NFGC’s average trading volume was 837.40K shares.
NFGC’s Market Performance
The stock of New Found Gold Corp (NFGC) has seen a 0.00% decrease in the past week, with a -38.10% drop in the past month, and a -38.10% fall in the past quarter. The volatility ratio for the week is 13.51%, and the volatility levels for the past 30 days are at 8.18% for NFGC. The simple moving average for the past 20 days is -32.05% for NFGC’s stock, with a -52.95% simple moving average for the past 200 days.
Analysts’ Opinion of NFGC
Many brokerage firms have already submitted their reports for NFGC stocks, with ROTH MKM repeating the rating for NFGC by listing it as a “Buy.” The predicted price for NFGC in the upcoming period, according to ROTH MKM is $9 based on the research report published on August 15, 2023 of the previous year 2023.
NFGC Trading at -38.05% from the 50-Day Moving Average
After a stumble in the market that brought NFGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.93% of loss for the given period.
Volatility was left at 8.18%, however, over the last 30 days, the volatility rate increased by 13.51%, as shares sank -41.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.24% lower at present.
During the last 5 trading sessions, NFGC remain unchanged, which changed the moving average for the period of 200-days by -67.40% in comparison to the 20-day moving average, which settled at $1.5305. In addition, New Found Gold Corp saw -42.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NFGC
The total capital return value is set at -0.91. Equity return is now at value -76.48, with -63.48 for asset returns.
Based on New Found Gold Corp (NFGC), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -451.09. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -2402.59.
Currently, EBITDA for the company is -102.04 million with net debt to EBITDA at 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.03.
Conclusion
To wrap up, the performance of New Found Gold Corp (NFGC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
