Look Past The Setbacks And Give New Gold Inc (AMEX: NGD) Another Chance

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 10.01M but it saw 9186845 shares traded in last market. With a market cap of 1.47B USD, the company’s current market price of $2.13 came rising about 3.90 while comparing to the previous closing price of $2.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.31 and as low as $0.86.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.02, while its current price level is -7.79% below from 52-week high level whereas it is 147.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.87 while that of 200 days or SMA-200 reads an average of $1.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.97% during that period while stretching the period over a month that increases to 6.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.06 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving -3.18% down while it is 13.90% when we observe its performance for the past one month. Year-to-date it is 45.89% up and over the past year, the stock is showing an upside performance of 74.59%.

Currently, New Gold Inc’s total number of outstanding shares is 687.01M. Company’s return on investment (ROI) stands at -6.71% and return on equity (ROE) at -9.44%. It has a 8.93 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 2.00 while price to sale or P/S ratio amounts to 1.89. Its return on asset (ROA) is -3.40% on average.