New Found Gold (CVE:NFG) Shares Up 6.5% - Here's What Happened

New Found Gold Corp. (CVE:NFG - Get Free Report) shares shot up 6.5% on Wednesday . The stock traded as high as C$1.64 and last traded at C$1.64. 379,386 shares were traded during trading, a decline of 38% from the average session volume of 615,242 shares. The stock had previously closed at C$1.54.Get New Found Gold alerts:New Found Gold Price PerformanceThe firm has a market cap of C$333.68 million, a PE ratio of -5.79 and a beta of 0.56. The business's fifty day moving average is C$2.18 and its 200-day moving average is C$2.56. Insiders Place Their BetsIn other news, Director Keith Boyle purchased 25,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of C$1.52 per share, with a total value of C$37,875.00. Also, Senior Officer Jared Ryan Saunders bought 33,250 shares of the firm's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of C$1.50 per share, for a total transaction of C$49,875.00. Insiders bought 60,950 shares of company stock valued at $91,539 over the last ninety days. 44.06% of the stock is currently owned by insiders. New Found Gold Company Profile (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.Featured ArticlesFive stocks we like better than New Found GoldHow to trade penny stocks: A step-by-step guideGold Rally Continues: These 3 Mining Stocks Are Likely to BenefitWhy Understanding Call Option Volume is Essential to Successful Options TradingXPO Buying $50 Million of Its Own Stock: Here's Why Consumer Discretionary Stocks ExplainedTesla Stock Eyes Breakout With Earnings on DeckThis 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