Shares of NEW GOLD (NGD) Sees Large Inflow of Net Money Flow

NEW GOLD (NGD) : NEW GOLD (NGD) had a healthy money flow of $0.55 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $1.92 million, whereas, investors only sold shares worth $1.37 million on downticks. The stock closed the day with an up-down ratio of 1.4.The money flow in the block trades to the tune of $0.24 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.5 million worth of transactions were on upticks. A paltry $0.26 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.92. NEW GOLD (NGD) stock slid $0.06 intraday and traded at 4.8, a change of -1.23% over previous days close. However, for the week, the company shares are -1.23% compared to previous weeks close.


Institutional Investors own 52.27% of NEW GOLD shares.

New Gold, Inc. has dropped 2.92% in the last five trading days, however, the shares have posted positive gains of 11.51% in the last 4 weeks. New Gold, Inc. is up 10.19% in the last 3-month period. Year-to-Date the stock performance stands at 100.43%.

NEW GOLD (NYSEMKT:NGD): On Tuesdays trading session , Opening price of the stock was $4.92 with an intraday high of $4.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.64. However, the stock managed to close at $4.65, a loss of 4.32% for the day. On the previous day, the stock had closed at $4.86. The total traded volume of the day was 6,231,168 shares.

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.

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