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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > MASSIVE SHORT-COVERING...
View:
Post by SilverSam on Dec 18, 2024 2:00pm

MASSIVE SHORT-COVERING...

Guys, what we need with the share price of NFG trading near multi-year lows is the kind of short-covering taking place today on LITM.

LITM was up over 400% earlier today on NO NEWS!  Just massive short-covering!

Outstanding shares:  28.61 million

Today's volume:  currently over 1.1 billion shares
Comment by shiftyone on Dec 18, 2024 2:26pm
That is a strange chart on LITM.  It looks like it didn't trade for a long time...  
Comment by SilverSam on Dec 18, 2024 2:46pm
It has been trading every day.  I know, because I have it on my watch list.  Obviously wish I would have put a few bucks into it before the big run-up today.
Comment by SilverSam on Dec 18, 2024 3:05pm
If it had not been trading, the chart would be flat-lining.  But as you can see, there is movement throughout the chart lines.  You just can't see the volume of previous days because of the huge volume today.
Comment by shiftyone on Dec 18, 2024 3:16pm
that makes sense lucky for the shareholders!
New Found Gold Corp
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