New Found Gold Corp. (NFGC)
New Found Gold Corp. operates in the Gold industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $1.69, up 1.20% on the session, giving a market capitalisation of $413.2M. On trailing twelve-month figures it carries a trailing P/E of -9.71, a net margin of -367.9%. Its beta of 1.66 implies it has historically moved more than the broad market.
New Found Gold Corp. operates as a mining exploration company, primarily engaged in identifying, acquiring, and investigating mineral properties, with a specific emphasis on gold deposits. Its operations span the Canadian provinces of Newfoundland and Labrador, and Ontario. The company holds 100% ownership of two significant projects: The Queensway project, located near Gander, Newfoundland, which covers an extensive 151,030 hectares through 86 mineral licenses and 6,041 claims. The Lucky Strike project, an 11,684-hectare site situated in Kirkland Lake, Ontario. Established in 2016, the firm was originally known as Palisade Resources Corp. before officially changing its name to New Found Gold Corp. in June 2017. Its corporate headquarters are located in Vancouver, Canada.
New Found Gold Corp. is most often compared with the following Basic Materials names: