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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by DanWarrenon May 01, 2024 4:15pm
110 Views
Post# 36018137

I Think the Short Player is covering and.....

I Think the Short Player is covering and.........playing his Ole manipulation games.

In about the last half hour buying pushed the share price up about 13 cents on tje Venture....then smacked it down about the same amount.in about the last ten minutes , but on much lower volume than the push up.

Manipulation is the simplest answer to such last minute volatility. I thnk Lil Shorty ( the key Short player and manipulator) is accumulating to cover, but does all these tactics to cover his tracks.

It is a key tactic to a. Accumulate shares while still painting the chart to make the stock LOOK like its  NOT being accumulated.

SAME EXACT pattern occurred on the AMEX simultaneously.



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