New Found Gold Stock Today

NFG Stock  CAD 3.76  0.05  1.31%   

Performance

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Odds Of Distress

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New Found is selling for under 3.76 as of the 24th of July 2024; that is 1.31% down since the beginning of the trading day. The stock's lowest day price was 3.76. New Found has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for New Found Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of June 2024 and ending today, the 24th of July 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. The company has 197.62 M outstanding shares of which 1.67 M shares are now shorted by private and institutional investors with about 7.92 days to cover all short positions. More on New Found Gold

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New Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Found's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Found or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President FounderBSc BSc
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
New Found Gold (NFG) is traded on TSX Venture Exchange in Canada and employs 98 people. New Found is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 762.82 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Found's market, we take the total number of its shares issued and multiply it by New Found's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. New Found Gold classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 197.62 M outstanding shares of which 1.67 M shares are now shorted by private and institutional investors with about 7.92 days to cover all short positions. New Found Gold has accumulated about 62.91 M in cash with (99.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37.
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Ownership Allocation
New Found Gold maintains a total of 197.62 Million outstanding shares. New Found Gold holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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New Found Gold Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. New Found market risk premium is the additional return an investor will receive from holding New Found long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in New Found. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although New Found's alpha and beta are two of the key measurements used to evaluate New Found's performance over the market, the standard measures of volatility play an important role as well.

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New Found Corporate Management

Elected by the shareholders, the New Found's board of directors comprises two types of representatives: New Found inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Found's management team and ensure that shareholders' interests are well served. New Found's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Found's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald HamptonChief OfficerProfile
Kenneth BscGeologistProfile
Janet FrancisCorporate SecretaryProfile
Melissa PGeoVice ExplorationProfile

Additional Tools for New Stock Analysis

When running New Found's price analysis, check to measure New Found's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.