New Found Gold (CVE:NFG) Trading 14% Higher Following Insider Buying Activity

New Found Gold Corp. (CVE:NFG - Get Free Report) shares were up 14% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as C$1.88 and last traded at C$1.87. Approximately 1,203,596 shares were traded during trading, an increase of 104% from the average daily volume of 591,064 shares. The stock had previously closed at C$1.64.Get New Found Gold alerts:Specifically, Director Keith Boyle purchased 25,000 shares of New Found Gold stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of C$1.52 per share, with a total value of C$37,875.00. New Found Gold Trading Up 14.0 %The company's fifty day moving average is C$2.46 and its two-hundred day moving average is C$2.77. The stock has a market cap of C$380.48 million, a price-to-earnings ratio of -6.60 and a beta of 0.56. About New Found Gold (Get Free Report)New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland.Further ReadingFive stocks we like better than New Found GoldWhat is a Death Cross in Stocks?Why Dollar Tree’s Family Dollar Sale Could Spark a ComebackAbout the Markup CalculatorJPMorgan: The 'NVIDIA of Banking' Poised for More Gains?Stock Dividend Cuts Happen Are You Ready?Buy the Chewy Stock Reversal? Here’s Why Now Is the TimeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in New Found Gold Right Now?Before you consider New Found Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Found Gold wasn't on the list.While New Found Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here