New Gold Inc (NGD) Down -22.46% From Its 52-Week High, But Growth Potential Is Changing Over Time

New Gold Inc (AMEX:NGD) currently has a daily average trading volume of 9.21M but it saw 2795155 shares traded in last market. With a market cap of 1.99B USD, the company’s current market price of $2.52 remained unchanged while comparing to the previous closing price of $2.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.25 and as low as $1.09. In the recent trading on the day, stock has struck highest price mark of $2.48 while lowest mark touched by it was $2.535.

Taking a look at 20-day trading activity of New Gold Inc (NGD) gives us an average price of $2.74, while its current price level is -22.46% below from 52-week high level whereas it is 131.19% 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 $2.77 while that of 200 days or SMA-200 reads an average of $2.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.11% during that period while stretching the period over a month that increases to 4.13%. 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 38.96 which implies that the stock is in neutral territory.

Over the week, NGD’s stock price is moving -5.26% down while it is -10.95% when we observe its performance for the past one month. Year-to-date it is 72.60% up and over the past year, the stock is showing an upside performance of 65.79%.

Currently, New Gold Inc’s total number of outstanding shares is 790.90M. Company’s return on investment (ROI) stands at 1.39% and return on equity (ROE) at 2.14%. It has a price to earnings ratio (P/E ratio) of 161.54 while having a 6.92 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to book (P/B) ratio of 2.00 while price to sale or P/S ratio amounts to 2.34. Its return on asset (ROA) is 0.95% on average.