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 > Institutional Ownership still unchanged.

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Post by Tk11455okon Mar 10, 2022 12:16pm

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Post# 34503410

Institutional Ownership still unchanged.

Scrounged around for stats on institutional ownership and it still appears to be around 2.6% (TD Ameritrade and others) with mutual funds holding 2%. I still don't think it's going to move much until:
1) a JUMBO new core (new site or substantial new down plunge) on Queensway North or
2) a good to great core on Queensway South and then
3) Institutional buying
Then I believe you will see movements of $1 to $2 dollar up in a day. I'm holding on for that!

TK
The current price movement appears to be noise

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The Market Online’s Weekly Gold Report – Nov. 27, 2024