Virtu Financial LLC Invests $52,000 in New Found Gold Corp. $NFGC

Virtu Financial LLC purchased a new position in shares of New Found Gold Corp. (NYSE:NFGC) during the 1st quarter, HoldingsChannel reports. The firm purchased 43,251 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds also recently modified their holdings of NFGC. Millennium Management LLC increased its stake in shares of New Found Gold by 668.2% during the 4th quarter. Millennium Management LLC now owns 728,567 shares of the company’s stock worth $1,323,000 after purchasing an additional 633,722 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of New Found Gold by 29.4% during the 4th quarter. Marshall Wace LLP now owns 693,533 shares of the company’s stock worth $1,262,000 after buying an additional 157,749 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of New Found Gold by 29.1% during the 4th quarter. Renaissance Technologies LLC now owns 667,053 shares of the company’s stock worth $1,214,000 after buying an additional 150,253 shares during the period. Bank of America Corp DE boosted its holdings in shares of New Found Gold by 25.9% during the 4th quarter. Bank of America Corp DE now owns 636,712 shares of the company’s stock worth $1,159,000 after buying an additional 130,995 shares during the period. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of New Found Gold during the 4th quarter worth $200,000. Institutional investors and hedge funds own 3.43% of the company’s stock.

New Found Gold Trading Up 1.3%

NYSE NFGC opened at $1.60 on Tuesday. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.47. The company has a market cap of $369.18 million, a P/E ratio of -7.27 and a beta of 1.30. New Found Gold Corp. has a 1 year low of $0.93 and a 1 year high of $3.19.

About New Found Gold

New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. It primarily explores for gold deposit. The company holds 100% interests in the Queensway project that includes 96 mineral licenses and 6,659 claims covering an area of 166,475 hectares of land located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland.