New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > Why isn't NFG joining the party today?

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Comment by megacopperon Dec 17, 2020 12:47pm

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Post# 32128973

RE:Why isn't NFG joining the party today?

goldanalyst wrote: I was quite impressed with their last drill results and their results overall. Surprised to see it down on such a glorious day for gold stocks!!

I was impressed with the last set of drill results as well. But the stock did make a run up from around $3.60 to above $4.50 so I am not surprised to see it pull back to the $4 - $4.20 range. Sounds like we might not get anymore results until early January so investors aren't rushing to buy. LAB and SIC both announced results today so that is where all the action is for now.

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