New Gold (TSE:NGD) Shares Cross Above 50 Day Moving Average – Should You Sell?

New Gold Inc. (TSE:NGD) (ARCA:NGD) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.81 and traded as high as C$4.03. New Gold shares last traded at C$4.03, with a volume of 255,149 shares changing hands.

New Gold Stock Up 1.5 %

The company has a current ratio of 1.50, a quick ratio of 1.64 and a debt-to-equity ratio of 52.45. The firm’s fifty day moving average is C$3.81. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of -100.75, a price-to-earnings-growth ratio of -3.02 and a beta of 1.59.

Insider Activity

In related news, Senior Officer Yohann Bouchard sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$4.25, for a total value of C$425,000.00. 4.92% of the stock is currently owned by insiders.

New Gold Company Profile

New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company’s principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.