NEW GOLD (NYSEMKT:NGD), According to the latest information the short interest in New Gold Inc shot up by 92.7% or 4,253,072 shares. The final shorts are 1.8% of the total floated shares. The positions increased from 4,587,918 shares on May 31,2016 to 8,840,990 on June 15,2016. According to the per-day average trading of 4,642,671 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
NEW GOLD (NYSEMKT:NGD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.44 and $4.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.43, notching a gain of 7.79% for the day. The total traded volume was 8,530,832 . The stock had closed at $4.11 on the previous day.
The company shares have rallied 60.51% 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 $4.18 and the 200 Day Moving Average price is recorded at $3.43.
NEW GOLD (NYSEMKT:NGD) has climbed 7.79% in the past week and advanced 18.77% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.57% and the outperformance has advanced to 22.36% for the last 4 weeks period.
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.