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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Stock Price
View:
Post by termic1 on Aug 02, 2022 1:27pm

Stock Price

Does anyone here have a good explanation whjy New Found stock continues to drop even in the face of good news releases?

thx
Comment by BuccaneerIlsld on Aug 02, 2022 1:29pm
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Comment by Retiredgeo on Aug 02, 2022 1:41pm
It is an old story.  Press releases now have little effect on the share price.  I'm waiting for maiden resource figures or something truly new to move the stock.
Comment by BuccaneerIlsld on Aug 02, 2022 1:58pm
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Comment by Dixiedee on Aug 02, 2022 1:44pm
Only explanation is someone is shorting the stock probably naked shorts we have a winner here it is just going to take time to work through this what I call stupid period  I understand people buying at this price don't understand the selling at this ridiculously low price  if todays results where the 1st and only results to come out we would be at 10 plus the fact that these results ...more  
Comment by BuccaneerIlsld on Aug 02, 2022 2:01pm
This post has been removed in accordance with Community Policy
Comment by likeike on Aug 02, 2022 3:10pm
It is a given termic1.....always does until 2 days later. QH if he is present at Crescat this week should have some goodies to say. IKE