The stock of New Found Gold Corp (AMEX: NFGC) has decreased by -0.69 when compared to last closing price of 1.44.Despite this, the company has seen a loss of -3.38% in its stock price over the last five trading days. prnewswire.com reported 2025-06-16 that VANCOUVER, BC, June 16, 2025 /PRNewswire/ – New Found Gold Corp. (“New Found Gold” or the “Company”) (TSX-V: NFG) (NYSE-A: NFGC) is pleased to announce an expansion of the 2025 Work Program at the Company’s 100% owned Queensway Gold Project (“Queensway” or the “Project”) in Newfoundland and Labrador. Highlights: 70,000 metres (“m”) diamond drill program underway; Approximately 11,750 m in 104 DDH1 has been drilled to date, with five drill rigs currently on site; 80% of planned drilling focused on resource definition and pre-development work and 20% on exploration; The AFZ Core excavation program is underway, with channel sampling of the Iceberg excavation approximately 80% complete and the Lotto excavation commencing shortly; A regional exploration program at Queensway South and Queensway North is underway and is expected to run until late September, 2025; In addition to a PEA2 planned for release in late Q2/25, the Company is conducting ongoing engineering studies, including metallurgical testwork and trade-off studies; and Additional environmental work will be undertaken in 2025 to ensure that all baseline studies are completed for upcoming permitting processes.
Is It Worth Investing in New Found Gold Corp (AMEX: NFGC) Right Now?
Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NFGC is 118.30M, and currently, short sellers hold a 4.66% ratio of that floaft. The average trading volume of NFGC on June 19, 2025 was 1.45M shares.
NFGC’s Market Performance
The stock of New Found Gold Corp (NFGC) has seen a -3.38% decrease in the past week, with a 9.16% rise in the past month, and a -18.75% fall in the past quarter. The volatility ratio for the week is 1.01%, and the volatility levels for the past 30 days are at 4.38% for NFGC. The simple moving average for the last 20 days is -2.59% for NFGC’s stock, with a simple moving average of -20.32% for the last 200 days.
Analysts’ Opinion of NFGC
Many brokerage firms have already submitted their reports for NFGC stocks, with ROTH MKM repeating the rating for NFGC by listing it as a “Buy.” The predicted price for NFGC in the upcoming period, according to ROTH MKM is $9 based on the research report published on August 15, 2023 of the previous year 2023.
NFGC Trading at 10.97% from the 50-Day Moving Average
After a stumble in the market that brought NFGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.82% of loss for the given period.
Stock Fundamentals for NFGC
The total capital return value is set at -0.91. Equity return is now at value -75.61, with -65.46 for asset returns.
Based on New Found Gold Corp (NFGC), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -451.09. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -2402.59.
Currently, EBITDA for the company is -102.04 million with net debt to EBITDA at 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.
Conclusion
In a nutshell, New Found Gold Corp (NFGC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
