TomaGold intersects 27.75 m at 0.84 gt Au on Obalski and increases grade of reanalyzed gold samples to up to 38

NGD Stock  USD 2.72  0.03  1.09%   
About 54% of New Gold's investor base is interested to short. The current sentiment regarding investing in New Gold stock implies that many traders are impartial. The current market sentiment, together with New Gold's historical and current headlines, can help investors time the market. In addition, many technical investors use New Gold stock news signals to limit their universe of possible portfolio assets.
  
Grinding selected samples to 90 percent instead of 70 percent increases gold grades from 5 percent to 38 percent for these samples.Best result from the 2,958-metre drill program includes 27.75 metres grading 0.84 gt Au , intersecting the A-Po Zone.About 300 additional samples from previous drilling have been sent to the laboratory for reanalysis.TomaGold will begin a 1,500-metre drill program on Obalski next week to test new targets identified by geophysics. MONTREAL, April 05, 2023 GLOBE NEWSWIR

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New Gold Fundamental Analysis

We analyze New Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Shares Owned By Institutions

Shares Owned By Institutions Comparative Analysis

New Gold is currently under evaluation in shares owned by institutions category among its peers. Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

New Gold Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Gold stock to make a market-neutral strategy. Peer analysis of New Gold could also be used in its relative valuation, which is a method of valuing New Gold by comparing valuation metrics with similar companies.

Peers

New Gold Related Equities

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AUAngloGold Ashanti   1.24   
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OROsisko Gold   1.24   
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IAGIAMGold   1.27   
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EGOEldorado Gold   1.31   
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KGCKinross Gold   1.85   
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GLDGGoldMining   2.30   
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GFIGold Fields   2.48   
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PAASPan American   2.87   
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HMYHarmony Gold   2.94   
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SANDSandstorm Gold   2.94   
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CDECoeur Mining   4.18   
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FSMFortuna Silver   5.02   
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GAUGaliano Gold   5.67   
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