(NFGC) New Found Gold - Ratings and Ratios

New Found Gold Corp. (NYSE MKT:NFGC) is a mineral exploration company specializing in the identification, evaluation, acquisition, and exploration of mineral properties, primarily gold deposits. The company operates in the provinces of Newfoundland and Labrador and Ontario, Canada. Its flagship project, the Queensway Gold Project, covers an expansive area of 166,475 hectares near Gander, Newfoundland, comprising 96 mineral licenses and 6,659 claims. Additionally, the company holds the Kingsway Project, also located in Gander, Newfoundland. Formerly known as Palisade Resources Corp., the company rebranded as New Found Gold Corp. in June 2017. Incorporated in 2016, it is headquartered in Vancouver, Canada. For more information, visit their website at https://newfoundgold.ca.

Ticker Symbol: NFGC (NYSE MKT) represents the company on the stock market. As a Canadian entity, it falls under the Diversified Metals & Mining category. The stock is classified as common equity.

Based on the provided , the stock has shown a recent price of $1.86 with a 20-day average volume of 632,870 shares. The SMA (Simple Moving Average) for 20, 50, and 200 days are $1.80, $1.76, and $2.44, respectively, indicating a downward trend over the past year. The Average True Range (ATR) of $0.11 reflects moderate price volatility.

The highlights a market capitalization of $360.02 million. The price-to-book (P/B) ratio of 6.80 suggests that the stock is trading at a premium relative to its book value. The return on equity (RoE) of -72.75% indicates significant losses, which could raise concerns about profitability.

Looking ahead, the 3-month forecast for New Found Gold Corp. (NFGC) is expected to remain under pressure due to the declining SMA trends and negative RoE. The stock is likely to trade sideways to slightly lower, with limited upside potential unless there is a significant positive catalyst. Investors should monitor the companys exploration progress and financial health closely.