New Found Gold Corp. (NFGC)Basic Materials | Gold | Vancouver, Canada | NYSE American
1.41 USD
-0.10
(-6.623%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 1.41 |
Hot Take ↕ | Oct. 10, 2026, 2 a.m. EDT
New Found Gold presents a classic high-risk, high-reward speculative setup driven entirely by event risk rather than operational performance. The company is currently unprofitable with negative free cash flow and no dividend history, making it unsuitable for income investors or those seeking capital preservation. However, the recent conditional approval to graduate to the Toronto Stock Exchange acts as a potent catalyst, likely driving the heavy call option positioning seen at the $5.00 strike. While the statistical forecast model offers no directional bias due to low confidence, the options flow suggests traders are pricing in a binary outcome where a successful exchange listing could trigger a massive re-rating. For now, the lack of earnings support keeps the fundamental rating neutral, but the momentum surrounding the regulatory milestone warrants a cautious watch for a short-term breakout. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.168917 |
| AutoETS | 0.168921 |
| AutoTheta | 0.169243 |
| MSTL | 0.172742 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 3.23 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.143 |
| Excess Kurtosis | 0.11 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 13.374 |
| Revenue per Share | 0.122 |
| Market Cap | 541,944,128 |
| Forward P/E | -5.88 |
| Beta | 1.74 |
| Profit Margins | -185.44% |
| Website | https://newfoundgold.ca |
As of Oct. 10, 2026, 2 a.m. EDT: Speculators are positioning for a significant upside move, evidenced by heavy open interest concentration at the $5.00 strike for October expiration and substantial out-of-the-money call volume across multiple expirations. Conversely, put activity is concentrated near the money ($1.50-$2.00 strikes), suggesting a floor rather than a crash expectation. The skew indicates a speculative bet on a catalyst-driven rally rather than a defensive hedge.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.45289856 |
| Address1 | 1,133 Melville Street |
| Address2 | Suite 3500 |
| All Time High | 12.0 |
| All Time Low | 0.926 |
| Ask | 1.49 |
| Ask Size | 4,500 |
| Average Daily Volume10 Day | 627,980 |
| Average Daily Volume3 Month | 1,193,331 |
| Average Volume | 1,193,331 |
| Average Volume10Days | 627,980 |
| Beta | 1.739 |
| Bid | 1.4 |
| Bid Size | 6,200 |
| Book Value | 0.92977583 |
| City | Vancouver |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.41 |
| Current Ratio | 5.361 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 1.51 |
| Day Low | 1.39 |
| Debt To Equity | 13.374 |
| Display Name | New Found Gold |
| Dividend Yield | 0.0 |
| Earnings Timestamp End | 1,794,340,800 |
| Earnings Timestamp Start | 1,794,340,800 |
| Ebitda | -72,082,640 |
| Ebitda Margins | -2.29439 |
| Enterprise To Ebitda | -5.659 |
| Enterprise To Revenue | 12.985 |
| Enterprise Value | 407,947,712 |
| Eps Forward | -0.24 |
| Eps Trailing Twelve Months | -0.17 |
| Esg Populated | 0 |
| Exchange | ASE |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.714 |
| Fifty Day Average Change | -0.30400002 |
| Fifty Day Average Change Percent | -0.1773629 |
| Fifty Two Week Change Percent | -45.289856 |
| Fifty Two Week High | 3.59 |
| Fifty Two Week High Change | -2.1799998 |
| Fifty Two Week High Change Percent | -0.6072423 |
| Fifty Two Week Low | 1.34 |
| Fifty Two Week Low Change | 0.06999993 |
| Fifty Two Week Low Change Percent | 0.052238755 |
| Fifty Two Week Range | 1.34 - 3.59 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,600,090,200,000 |
| Float Shares | 273,377,306 |
| Forward Eps | -0.24 |
| Forward P E | -5.875 |
| Free Cashflow | -69,915,120 |
| Full Exchange Name | NYSE American |
| Full Time Employees | 131 |
| Fullday Change | -0.01999998 |
| Fullday Change Percent | -1.2987001 |
| Fullday Price | 1.41 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.110740006 |
| Gross Profits | 3,479,261 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.28948998 |
| Held Percent Institutions | 0.18375999 |
| Implied Shares Outstanding | 384,357,549 |
| Industry | Gold |
| Industry Disp | Gold |
| Industry Key | gold |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,018 claims covering an area of 175,600 hectares located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. |
| Long Name | New Found Gold Corp. |
| Market | us_market |
| Market Cap | 541,944,128 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_547134851 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -58,258,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 685,812,643 |
| Number Of Analyst Opinions | 1 |
| Open | 1.49 |
| Operating Cashflow | -60,981,780 |
| Operating Margins | -1.0975801 |
| Payout Ratio | 0.0 |
| Phone | 604 631 3300 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 1.41 |
| Post Market Time | 1,792,016,939 |
| Previous Close | 1.51 |
| Price Hint | 4 |
| Price To Book | 1.5164945 |
| Price To Sales Trailing12 Months | 17.250044 |
| Profit Margins | -1.85438 |
| Quick Ratio | 4.962 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.1 |
| Regular Market Change Percent | -6.62252 |
| Regular Market Day High | 1.51 |
| Regular Market Day Low | 1.39 |
| Regular Market Day Range | 1.39 - 1.51 |
| Regular Market Open | 1.49 |
| Regular Market Previous Close | 1.51 |
| Regular Market Price | 1.41 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 1,279,882 |
| Return On Assets | -0.11173 |
| Return On Equity | -0.19413 |
| Revenue Per Share | 0.122 |
| Sand P52 Week Change | 0.17004645 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Shares Outstanding | 384,357,549 |
| Shares Percent Shares Out | 0.0196 |
| Shares Short | 7,550,221 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 7,945,475 |
| Short Name | New Found Gold Corp |
| Short Ratio | 7.51 |
| Source Interval | 15 |
| State | BC |
| Symbol | NFGC |
| Target High Price | 5.0 |
| Target Low Price | 5.0 |
| Target Mean Price | 5.0 |
| Target Median Price | 5.0 |
| Total Cash | 203,163,024 |
| Total Cash Per Share | 0.527 |
| Total Debt | 67,938,744 |
| Total Revenue | 31,416,970 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.17 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.0707 |
| Two Hundred Day Average Change | -0.66069996 |
| Two Hundred Day Average Change Percent | -0.31907085 |
| Type Disp | Equity |
| Volume | 1,279,882 |
| Website | https://newfoundgold.ca |
| Zip | V6E 4E5 |