NEW GOLD (NYSEMKT:NGD) stock had a bullish inflow of $0.67 million worth of trades on uptick and an outflow of $0.47 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.42. The net money flow into the stock was $0.2 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.17 million. $0.17 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, NEW GOLD (NYSEMKT:NGD) stock traded down $0.04 , and reached $4.28, a drop of -0.81% over the previous day. On a weekly basis, the stock is -3.5%, over the previous weeks close.
Institutional Investors own 52.6% of NEW GOLD shares.
The company shares have rallied 59.04% from its 1 Year high price. On May 16, 2016, the shares registered one year high at $4.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.17 and the 200 Day Moving Average price is recorded at $3.48. NEW GOLD (NYSEMKT:NGD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.37 and $4.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.33, notching a gain of 0.46% for the day. The total traded volume was 5,950,745 . The stock had closed at $4.31 on the previous day.
New Gold Inc. is a Canada-based intermediate gold mining company engaged in the development and operation of mineral properties. The Companys assets include New Afton Mine in Canada, which is an underground gold?copper deposit; the Mesquite Mine in the United States, which is an open pit mine; the Peak Mines in Australia, which is an underground gold?copper deposit, and the Cerro San Pedro Mine in Mexico, which is a gold?silver, open pit mine. The Company projects include the Rainy River and Blackwater projects, both in Canada, and a 30% interest in the El Morro copper?gold project in Chile. Approximately 28% of the Companys gold revenue is generated from Canada, 28% from the United States, 26% from Australia and 18% from Mexico, and over 70% of its gold reserves are located in Canada.