When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NGD - New Gold: Hedging Is A Bigger Problem Than Dilution
New Gold Inc.
The recent month has been good for many gold stocks, which is not surprising since gold continues to rally. However, there’s an exception to this rule. New Gold (NGD), which got a major boost following its Q2 2019 production report and had a great July, suffered a material setback in August. The biggest news during this period were the Q2 2019 earnings report and a C$150 million bought deal financing, which was closed at the end of the month. Let’s look at these catalysts and at the stock’s current position.