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  5. NFG: Hello, back on June 2nd in a response to a question on NFG, 5i said "we would like to see its price rise above $3 to signal a potential reversal in its price trend. [New Found Gold Corp.]
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Q: Hello, back on June 2nd in a response to a question on NFG, 5i said "we would like to see its price rise above $3 to signal a potential reversal in its price trend." NFG is $3.45 at the time I wrote this. Do you think the reversal in the price trend is underway? Is there an underlying driver behind this reversal other than the price of gold continuing to go up?
Asked by Brad on October 08, 2025
5i Research Answer:

There hasn't really been much significant news. NFG released some decent drill results in late September and it has posted a new presentation on its website. We do not see any specific drivers but with gold breaking through $4,000 the sector rally clearly continues. The momentum shift is positive, certainly, but the company remains small and needs to be considered higher risk. There has been some insider buying and Eric Sprott owns 23% directly and 12% via a holding company.