Anyone who is looking into gold stocks at this point in time could consider taking a look at the New Gold Inc (NYSEAMERICAN:NGD) stock, which has managed to clock gains of as much as 7% over the course of the past month.
Trading Data
On Tuesday, NGD stock fell 0.55% to $1.82 with more than 6.43 million shares, compared to its average volume of 8.84 million shares. The stock moved within a range of $1.8050 – 1.8900 after opening trading at $1.85.
New Gold Reports First Quarter Operational Results
Yesterday, New Gold was in the news after it announced its operational results for the first fiscal quarter that had ended on March 31, 2022. In addition to that, New Gold also announced that ti was going to announce its financial results for the first fiscal quarter of 2022 on May 2, 2022. The result will be announced ahead of the opening of the markets.
The company announced yesterday that in the first quarter it managed to produce gold equivalent of as much as 87696 ounces. In this regard, the Chief Executive Officer of the company Renaud Adams stated that New Gold begun this year with considerable focus on optimising existing assets and operational excellence.
However, it ought to be noted that the production was actually lower than the production of 96026 gold equivalent ounce in the year ago period. It could now be a good time to start tracking the New Gold stock a bit closely.
Key Quote
“The first quarter saw both of our operations deliver total gold equivalent production of 87,696 ounces as we begin a year focused on operational excellence and optimization at both assets,” stated Renaud Adams, President & CEO. “
Technical Data
NGD stock is trading above 20-Day and 50-Day Moving averages of $1.80 and $1.78 respectively. Moreover, the stock is trading above the 200-Day moving average of $1.52.
