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NFGC

New Found Gold Corp.

Price Chart
Latest Quote

$1.54

-0.08 (-4.94%)
Current Price
Previous Close $1.62
Open $1.57
Day High $1.62
Day Low $1.53
Volume 1,893,711
Fetched: 2026-06-24T05:09:58
Stock Information
Note: Financial values converted from CAD to USD
Shares Outstanding 384.08M
Total Debt $1.19M
Cash Equivalents $30.56M
Revenue $11.04M
Net Income $-40.63M
Sector Basic Materials
Industry Gold
Market Cap $591.49M
EPS (TTM) $-0.17
Exchange ASE
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📊 Comprehensive Analysis
Company Data
Enterprise Value$549.74M
Sales$11.04M
Income$-40.63M
Book/sh$0.84
Cash/sh$0.11
Employees131
Financial Ratios
Quick Ratio2.31
Current Ratio2.89
Debt/Eq0.42
Returns & Margins
ROA-14.54%
ROE-24.93%
Gross Margin9.90%
Operating Margin-181.96%
Ownership
Insider Ownership29.07%
Institutional Ownership15.50%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-6.42
P/S37.69
P/B1.83
Analyst Data
Recommendationnone
Target Price$5.00
Technical Indicators
SMA20$1.74
SMA50$1.95
SMA200$2.35
RSI24.24
ATR0.1196
Shares Float272.25M
Short Ratio4.37
Volatility1.64
Rel Volume1.03
Performance History
Week-6.10%
Month-20.21%
Quarter-12.99%
6 Months-41.22%
YTD-49.17%
Year+2.67%
3 Years-68.76%
5 Years-84.02%
10 Years-17.56%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $1.54 1,970,100
2026-06-22 $1.62 1,085,600
2026-06-18 $1.62 3,877,900
2026-06-17 $1.61 1,802,300
2026-06-16 $1.70 2,156,600
2026-06-15 $1.64 2,431,300
2026-06-12 $1.58 1,767,300
2026-06-11 $1.54 3,070,400
2026-06-10 $1.47 2,902,100
2026-06-09 $1.55 3,096,700
2026-06-08 $1.60 1,421,100
2026-06-05 $1.62 2,920,900
2026-06-04 $1.87 909,000
2026-06-03 $1.91 1,067,600
2026-06-02 $2.05 1,399,000
2026-06-01 $1.99 1,350,600
2026-05-29 $2.08 1,289,400
2026-05-28 $2.00 1,109,200
2026-05-27 $1.89 1,468,800
2026-05-26 $1.94 1,118,900
About New Found Gold Corp.

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.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $4,066,565 $0 $672,105 $629,349
Cost Of Revenue $4,066,565 $0 $672,105 $629,349
Total Revenue $4,151,100 $0 $0 $0
Operating Revenue $4,151,100 $0 $0 $0
Expenses
Interest Expense $80,469 $17,946 $19,386 $11,429
Total Expenses $46,472,716 $43,117,396 $74,381,080 $63,419,040
Other Income Expense $7,099,107 $5,149,955 $15,295,445 $-1,770,718
Other Non Operating Income Expenses $5,269,370 $7,228,912 $16,393,258 $12,270,960
Net Non Operating Interest Income Expense $933,288 $2,033,239 $1,975,930 $860,884
Interest Expense Non Operating $80,469 $17,946 $19,386 $11,429
Operating Expense $42,406,150 $43,117,396 $73,708,975 $62,789,692
Other Operating Expenses $29,580,676 $37,574,767 $68,403,946 $52,665,004
General And Administrative Expense $12,825,474 $5,542,629 $3,976,305 $9,301,328
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Net Interest Income $933,288 $2,033,239 $1,975,930 $860,884
Interest Income $1,013,757 $2,051,185 $1,995,316 $872,313
Normalized Income $-31,321,952 $-35,934,202 $-56,580,907 $-50,287,196
Net Income From Continuing And Discontinued Operation $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Total Operating Income As Reported $-45,744,116 $-43,117,396 $-73,963,523 $-63,419,040
Net Income Common Stockholders $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Net Income $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Net Income Including Noncontrolling Interests $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Net Income Continuous Operations $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Pretax Income $-34,289,221 $-35,934,202 $-57,109,704 $-64,328,874
Special Income Charges $-2,707,483 $0 $2,290,207 $10,142
Earnings From Equity Interest $4,537,219 $-2,078,957 $-569,015 $0
Interest Income Non Operating $1,013,757 $2,051,185 $1,995,316 $872,313
Operating Income $-42,321,616 $-43,117,396 $-74,381,080 $-63,419,040
Gross Profit $84,534 $0 $-672,105 $-629,349
Per Share
Diluted EPS $-0.14 $-0.19 $-0.32 $-0.39
Basic EPS $-0.14 $-0.19 $-0.32 $-0.39
Other
Tax Effect Of Unusual Items $-22,271 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-30,909,462 $-35,334,617 $-55,889,415 $-49,646,418
Total Unusual Items $-2,707,483 $0 $-528,798 $-14,041,678
Total Unusual Items Excluding Goodwill $-2,707,483 $0 $-528,798 $-14,041,678
Reconciled Depreciation $591,807 $581,638 $672,105 $629,349
EBITDA (Bullshit earnings) $-33,616,945 $-35,334,617 $-56,418,213 $-63,688,096
EBIT $-34,208,752 $-35,916,256 $-57,090,318 $-64,317,445
Diluted Average Shares $167,729,188 $138,703,660 $127,502,400 $119,278,105
Basic Average Shares $167,729,188 $138,703,660 $127,502,400 $119,278,105
Diluted NI Availto Com Stockholders $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Tax Provision $-282,057 $0 - -
Write Off $-715,017 $0 $715,017 $0
Restructuring And Mergern Acquisition $3,422,500 $0 - -
Selling General And Administration $12,825,474 $5,542,629 $3,976,305 $9,301,328
Other Gand A $8,332,786 $4,907,098 $1,181,151 $1,164,514
Salaries And Wages $4,492,688 $635,532 $2,795,154 $8,136,815
Gain On Sale Of Ppe - $0 $3,010,942 $8,693
Other Special Charges - $1,251,054 - $-1,449
Impairment Of Capital Assets - $0 $5,719 $0
Gain On Sale Of Security - $-863,312 $-2,819,004 $-14,051,820
Other Taxes - $663,928 $417,557 $0
Research And Development - $508,618 $911,167 $823,359
Fetched: 2026-06-14
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $213,040,937 $47,587,895 $46,824,664 $59,671,100
Total Assets $383,250,886 $52,912,298 $60,461,431 $79,124,680
Total Non Current Assets $323,038,952 $31,644,579 $15,872,448 $11,691,173
Other Non Current Assets $1,870,560 $128,460 - -
Goodwill And Other Intangible Assets $86,549,646 $0 - -
Current Assets $60,211,934 $21,267,718 $44,588,983 $67,433,507
Hedging Assets Current $0 $105,083 $134,749 $19,207
Prepaid Assets $2,397,221 $1,058,218 $1,085,965 $1,033,463
Inventory $6,303,001 $0 - -
Receivables $3,092,053 $3,593,897 $2,412,587 $2,247,686
Other Receivables $1,711 - - -
Taxes Receivable $3,090,342 $1,579,776 $2,358,743 $2,247,686
Notes Receivable $0 $2,014,121 $0 -
Cash Cash Equivalents And Short Term Investments $48,419,658 $16,510,521 $40,955,681 $64,078,606
Cash And Cash Equivalents $42,060,691 $15,953,641 $38,519,416 $58,735,632
Non Current Note Receivables - $0 $1,754,450 $0
Accrued Interest Receivable - $0 $53,844 $0
Cash Financial - $15,953,641 $38,519,416 $58,735,632
Other Current Assets - - - $54,545
Accounts Receivable - - - -
Debt
Total Debt $815,888 $87,999 $112,801 $107,389
Long Term Debt And Capital Lease Obligation $603,025 $49,553 $49,209 $49,209
Long Term Debt $359,866 - - -
Current Debt And Capital Lease Obligation $212,863 $38,446 $63,591 $58,180
Current Debt $71,683 - - -
Other Current Borrowings $71,683 - - -
Liabilities
Total Liabilities Net Minority Interest $83,660,303 $5,324,402 $13,636,767 $19,453,580
Total Non Current Liabilities Net Minority Interest $68,168,520 $49,553 $49,209 $49,209
Other Non Current Liabilities $7,770,440 - - -
Non Current Deferred Liabilities $59,795,055 $0 - -
Non Current Deferred Taxes Liabilities $59,795,055 $0 - -
Current Liabilities $15,491,783 $5,274,849 $13,587,558 $19,404,370
Other Current Liabilities $6,202,802 $1,734,490 $8,882,924 $14,342,234
Payables And Accrued Expenses $8,820,877 $3,501,913 $3,722,441 $3,995,098
Payables $6,210,660 $2,243,688 - -
Accounts Payable $6,207,808 $2,203,628 - -
Equity
Common Stock Equity $299,590,583 $47,587,895 $46,824,664 $59,671,100
Total Equity Gross Minority Interest $299,590,583 $47,587,895 $46,824,664 $59,671,100
Stockholders Equity $299,590,583 $47,587,895 $46,824,664 $59,671,100
Other Equity Interest $21,695,392 - $24,844,571 $23,909,651
Gains Losses Not Affecting Retained Earnings $30,610,127 $25,011,382 $24,844,571 $23,909,651
Retained Earnings $-255,441,463 $-221,434,299 $-185,500,097 $-128,390,392
Long Term Equity Investment $0 $1,090,683 $2,045,357 $0
Other
Ordinary Shares Number $244,713,471 $143,296,876 $133,585,687 $125,368,168
Share Issued $244,713,471 $143,296,876 $133,585,687 $125,368,168
Tangible Book Value $213,040,937 $47,587,895 $46,824,664 $59,671,100
Invested Capital $300,022,132 $47,587,895 $46,824,664 $59,671,100
Working Capital $44,720,151 $15,992,869 $31,001,425 $48,029,136
Capital Lease Obligations $384,339 $87,999 $112,801 $107,389
Total Capitalization $299,950,449 $47,587,895 $46,824,664 $59,671,100
Capital Stock $502,726,526 $244,010,812 $207,480,189 $164,151,842
Common Stock $502,726,526 $244,010,812 $207,480,189 $164,151,842
Long Term Capital Lease Obligation $243,159 $49,553 $49,209 $49,209
Current Capital Lease Obligation $141,180 $38,446 $63,591 $58,180
Pensionand Other Post Retirement Benefit Plans Current $255,242 $0 - -
Current Accrued Expenses $2,610,217 $1,258,225 - -
Dueto Related Parties Current $2,852 $40,060 - -
Investments And Advances $0 $1,090,683 $2,045,357 $0
Investmentsin Associatesat Cost $0 $1,090,683 $2,045,357 $0
Goodwill $86,549,646 $0 - -
Net PPE $234,618,746 $30,425,437 $12,072,641 $11,691,173
Accumulated Depreciation $-2,976,589 $-2,384,782 $-1,535,382 $-984,263
Gross PPE $237,595,335 $32,810,218 $13,608,023 $12,675,437
Construction In Progress $10,593,603 $0 - -
Other Properties $50,810,505 $8,144,063 $4,662,148 $4,535,043
Finished Goods $849,767 $0 - -
Work In Process $3,943,017 $0 - -
Raw Materials $1,510,217 $0 - -
Other Short Term Investments $6,358,967 $556,880 $2,436,266 $5,342,975
Current Provisions - $1,734,490 $918,601 $1,008,859
Machinery Furniture Equipment - $3,069,096 $2,445,634 $1,752,082
Treasury Shares Number - - $0 -
Buildings And Improvements - - - -
Fetched: 2026-06-14
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-41,752,392 $-43,010,584 $-72,189,623 $-57,157,624
Operating Activities
Operating Cash Flow $-39,421,880 $-39,804,891 $-70,965,984 $-53,170,705
Cash Flow From Continuing Operating Activities $-39,421,880 $-39,804,891 $-70,965,984 $-53,170,705
Operating Gains Losses $-4,453,926 $1,918,698 $-2,343,242 $3,333,278
Investing Activities
Capital Expenditure $-2,330,512 $-3,205,693 $-1,223,639 $-3,986,919
Investing Cash Flow $6,620,949 $-2,279,143 $-3,171,004 $-527,467
Cash Flow From Continuing Investing Activities $6,620,949 $-2,279,143 $-3,171,004 $-527,467
Net Other Investing Changes $1,959,380 $-128,460 $-67,733 $-11,648
Capital Expenditure Reported - $-3,967 $-11,841 $-11,648
Financing Activities
Issuance Of Capital Stock $59,675,462 $19,674,383 $56,463,357 $37,565,000
Financing Cash Flow $58,923,687 $19,516,214 $53,920,771 $40,602,666
Cash Flow From Continuing Financing Activities $58,923,687 $19,516,214 $53,920,771 $40,602,666
Net Other Financing Charges $-2,862,626 $-660,989 $-2,514,388 $-2,383,215
Cash Dividends Paid $0 $0 $0 -
Net Common Stock Issuance $59,675,462 $19,674,383 $56,463,357 $37,565,000
Common Stock Issuance $59,675,462 $19,674,383 $56,463,357 $37,565,000
Other
Repayment Of Debt $-41,861 $-95,790 $-102,907 $-87,051
End Cash Position $42,060,691 $15,953,641 $38,519,416 $58,735,632
Beginning Cash Position $15,953,641 $38,519,416 $58,735,632 $71,831,138
Effect Of Exchange Rate Changes $-15,705 $2,045 $0 -
Changes In Cash $26,122,755 $-22,567,820 $-20,216,216 $-13,095,506
Interest Paid Cff $-37,534 $-17,946 $-19,386 -
Proceeds From Stock Option Exercised $2,190,247 $616,556 $94,095 $5,507,932
Net Issuance Payments Of Debt $-41,861 $-95,790 $-102,907 $-87,051
Net Long Term Debt Issuance $-41,861 $-95,790 $-102,907 $-87,051
Long Term Debt Payments $-41,861 $-95,790 $-102,907 $-87,051
Interest Received Cfi $0 $270,241 $0 -
Net Investment Purchase And Sale $538,018 $784,769 $-1,886,125 $3,450,759
Sale Of Investment $538,018 $784,769 $0 $3,450,759
Net Business Purchase And Sale $6,454,062 $0 - -
Sale Of Business $6,454,062 $0 - -
Net PPE Purchase And Sale $-2,330,512 $-3,205,693 $-1,205,304 $-3,966,578
Purchase Of PPE $-2,330,512 $-3,205,693 $-1,211,798 $-3,975,271
Change In Working Capital $708,003 $924,405 $-432,233 $2,708,834
Change In Payables And Accrued Expense $1,095,648 $117,690 $-122,017 $3,096,349
Change In Prepaid Assets $-950,539 $27,748 $-69,414 $541,142
Change In Inventory $899,410 $0 - -
Change In Receivables $-336,516 $778,968 $-164,901 $-955,827
Other Non Cash Items $-5,553,550 $-7,830,320 $-16,373,872 $-12,260,980
Stock Based Compensation $4,492,688 $635,532 $1,008,337 $6,068,616
Unrealized Gain Loss On Investment Securities $-39,968 $-100,641 $2,891,889 $10,679,072
Provisionand Write Offof Assets $-162,697 $0 - -
Asset Impairment Charge $-715,017 $0 $720,736 $0
Deferred Tax $-282,057 $0 - -
Deferred Income Tax $-282,057 $0 - -
Depreciation Amortization Depletion $591,807 $581,638 $672,105 $629,349
Depreciation And Amortization $591,807 $581,638 $672,105 $629,349
Depreciation $591,807 $581,638 $672,105 $629,349
Gain Loss On Investment Securities $-4,537,219 $2,078,957 - $3,341,972
Net Foreign Currency Exchange Gain Loss $83,293 $-160,259 $30,952 $0
Net Income From Continuing Operations $-34,007,164 $-35,934,202 $-57,109,704 $-64,328,874
Interest Paid Supplemental Data - $17,946 $0 $0
Income Tax Paid Supplemental Data - $0 $0 $0
Purchase Of Investment - $0 $-1,886,125 $0
Sale Of PPE - $0 $6,494 $8,693
Change In Other Current Assets - $0 $-75,902 $27,170
Earnings Losses From Equity Investments - $934,107 $569,015 $0
Gain Loss On Sale Of PPE - $0 $-2,943,209 $-8,693
Gain Loss On Sale Of Business - $20,568 $0 -
Changes In Account Receivables - - - $0
Fetched: 2026-06-14