New Found Gold Corp (NFGC)
New Found Gold Corp (NFGC) is a Canadian mineral exploration company focused on discovering and developing gold deposits. The company primarily explores properties in Newfoundland and Labrador, known for their potential to host high-grade gold deposits. New Found Gold is recognized for its efforts in resource exploration, aiming to identify significant gold resources through geophysical and geochemical surveys, drilling, and advanced exploration techniques.
Company News
St. James Gold Corp. will have its trading reinstated on TSX Venture Exchange on July 29, 2025, after resolving a working capital deficiency by issuing unsecured notes and writing off expired debt.
New Found Gold reported positive drill results from its 2025 Work Program at the Queensway Gold Project in Newfoundland, Canada, highlighting high-grade gold mineralization at the Keats West Zone with multiple significant gold intercepts.
New Found Gold Corp. (NFGC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.