Shares of New Gold Inc. (NGD) Sees Large Inflow of Net Money Flow

New Gold Inc. (NGD) traded negative at $2.61. On an intraday basis, the price dropped -0.06 points or -2.25%. The composite uptick value was $0.55 million while the combined downtick value was $0.2. The net money flow was $0.35 million while the up/down ratio was not very comforting at 2.75. The shares on a weekly note has seen a change in share price of -34.09%.According to the trading data, the shares saw a block trade with $0.42 million in upticks and $0.05 million in downticks. The up/down ratio for the block was calculated to be 8.13. The net money flow for the block trade was 0.37.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

New Gold, Inc. has lost 27.85% in the last five trading days and dropped 18.57% in the last 4 weeks. New Gold, Inc. has dropped 28.03% during the last 3-month period . Year-to-Date the stock performance stands at -18.57%. New Gold Inc. (NYSEMKT:NGD) rose 6.74% or 0.18 points on Wednesday and made its way into the gainers of the day. After trading began at $2.68 the stock was seen hitting $2.91 as a peak level and $2.56 as the lowest level. The stock ended up at $2.85. The daily volume was measured at 11,870,700 shares. The 52-week high of the share price is $6.0362 and the 52-week low is $2.34. The company has a market cap of $1,465 million.

New Gold (USA) Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.03 EPS for the quarter. Analyst had a consensus estimate of $0.03. The company had revenue of $178.70 million for the quarter, compared to analysts expectations of $178.98 million. The companys revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.New Gold (USA) was Downgraded by Credit Suisse to Underperform on Jan 31, 2017.

New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.


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