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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. 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

Comment by Retiredgeoon Apr 19, 2022 6:31pm
205 Views
Post# 34614778

RE:RetiredGeo, do you think a major involved today?

RE:RetiredGeo, do you think a major involved today?I don't have access to that kind of data.  From what I saw today it was a huge volume of small trades, implying, retail trades.  It is my expeirence that when a fund buys in blocks of 10-50K go down one after another.  We didn't see that today.

One third of the float (~60 million shares) is in retail hands.  Today we saw <2% change hands on the TSE.  That is good volume but not extraordinary volume.  It is extraordinay volume compared to 2 weeks ago!

This board is telling me that a whole pile of new investors have recently come into NFG because of Eric.  I suspect that most of them will be around long term.  This implies to me that the NFG bears have been bought out (and good riddance!).  I will be surprised if we ever see the 7s again.

More good results will fan the fires and surely send this stock higher.
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