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 9.17M but it saw 10020212 shares traded in last market. With a market cap of 2.31B USD, the company’s current market price of $2.92 came falling about -2.99 while comparing to the previous closing price of $3.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.25 and as low as $1.03. In the recent trading on the day, stock has struck highest price mark of $2.884 while lowest mark touched by it was $2.97.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.89, while its current price level is -10.15% below from 52-week high level whereas it is 183.50% 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 $2.78 while that of 200 days or SMA-200 reads an average of $2.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.56% during that period while stretching the period over a month that decreases to 3.32%. 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 53.17 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving -0.34% down while it is -8.46% when we observe its performance for the past one month. Year-to-date it is 100.00% up and over the past year, the stock is showing an upside performance of 170.37%.

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 8.55 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 2.42 while price to sale or P/S ratio amounts to 2.87. Its return on asset (ROA) is -0.97% on average.