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 > NFG: oversold and ready to rebound! Relative strengh at 25!

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Comment by megacopperon May 12, 2022 10:47am

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Post# 34677727

RE:NFG: oversold and ready to rebound! Relative strengh at 25!

Royal10 wrote: The last time this happened was in December 2021. NFG rebounded from $6.75 tp $9.50 in the next 3 weeks! Don't forget that in the last 35 years, gold low seasonality takes place in mid-may!

Yes NFG should rebound off these near 52 week lows in the near future. It's unfortunate that we are back at these levels but the market is very unstable these days. Good buying opportunity for anyone looking at an entry point or thinking of buying more. GLTA

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