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Bullboard - Stock Discussion Forum New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in... see more

TSX:NGD - Post Discussion

New Gold Inc > Standard profit taking today.
View:
Post by coolfooldumbguy on Sep 30, 2024 9:58pm

Standard profit taking today.

It's months end so that is expected.
Comment by Ronbromleygross on Sep 30, 2024 11:13pm
It's standard profit taking or the brief consolidation period.   It normal after the great run we had.   Plus gold has pulled back too from its recent high.  NGD moves pretty much with the move in gold price these days.  When this pullback phase is over,  we move up on the next leg up which should take us past the recent $52 week high of $4.37 cdn reached a week or so ...more