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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

Post by Dixiedeeon Apr 25, 2023 10:31am
171 Views
Post# 35412290

Oversold in low volume

Oversold in low volume Anything under 6 between 5.90 and 5.99 is very oversold with extremely low volume 
great entry point or great level to add to positions 
selling on the news in NFG isn't a good idea in my opinion cause they just have to much more news coming and once the 3D siemic survey is complete and then they have even better odds of drilling exactly where the gold is watch out ( they have been pretty successful so far without it game changer with it ) open pit gold mining looks more and more likely with each drill result 

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