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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Last minute dump of shares........on both exchanges.
View:
Post by DanWarren on Apr 30, 2024 4:06pm

Last minute dump of shares........on both exchanges.

Why would any rational seller dump shares in the the last minute. Looks like 30,000 on the Venture, and maybe 40,000 on AMEX
Comment by Evenkeel123 on Apr 30, 2024 4:11pm
Pre-programed stop losses are a target, and some people have had enough of this company, believe it or not.  Most people are not die hard longs loosing money like most here are. Gee, I wonder how much have we made today here?   EK
Comment by DanWarren on Apr 30, 2024 4:13pm
Hmmm....more Short manipulations.....yeah, most likely explanation. Still, somebody was buying big in that last minute, too. In last seconds the price moved up quite a bit.
Comment by nozzpack on Apr 30, 2024 4:27pm
NFG has a severe negative visibility image. Today is just another example. Suprising, as they are soon entering their first of three consecutive restricted Roadshows attended by Buyside wealthy investors and VC newsletters . Just what they need. Hopefully Dixie did not average down yet again ..
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