With 790.60M Outstanding Shares, Can New Gold Inc (AMEX: NGD) Deliver Big Short-Term Gains?

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 8.55M but it saw 9698747 shares traded in last market. With a market cap of 2.48B USD, the company’s current market price of $3.14 came falling about -1.57 while comparing to the previous closing price of $3.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.23 and as low as $0.86. In the recent trading on the day, stock has struck highest price mark of $3.12 while lowest mark touched by it was $3.25.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.76, while its current price level is -2.79% below from 52-week high level whereas it is 265.12% 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 $2.50 while that of 200 days or SMA-200 reads an average of $1.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.49% during that period while stretching the period over a month that increases to 4.71%. 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 69.15 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving 5.02% up while it is 18.49% when we observe its performance for the past one month. Year-to-date it is 115.07% up and over the past year, the stock is showing an upside performance of 227.02%.

Currently, New Gold Inc’s total number of outstanding shares is 790.60M. Company’s return on investment (ROI) stands at -1.41% and return on equity (ROE) at -2.23%. It has a 9.67 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 2.61 while price to sale or P/S ratio amounts to 3.09. Its return on asset (ROA) is -0.97% on average.