New Gold Inc. (NGD): A worthy Investment or not,


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of New Gold Inc. (NYSE:NGD) for the period of 9-Day stands at 74.24% while the stochastic %D for the same period stands at 51.66%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of New Gold Inc. (NYSE:NGD) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for New Gold Inc. (NYSE:NGD) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently New Gold Inc. (NYSE:NGD)’s 20-Day Bollinger Band indicates “Hold”.

About Company

New Gold Inc. is focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.

Previous Day Activity Analysis

On the last trading day, New Gold Inc. (NYSE:NGD) opened the session at $2.08 and after going up 2.44% closed at $2.1. The stock gained 0.02 points in the last trade.

New Gold Inc. (NYSE:NGD)’s stock fluctuated in the range of $2.06 and $2.10 during the previous active session. New Gold Inc. (NYSE:NGD) traded with the volume of 1.57 Million with average volume of 4.05 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.26 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.07 and 45.43 respectively.

Currently the Insider Ownership of the shares of New Gold Inc. (NYSE:NGD) is at 3.6% and the shares outstanding are 578.7 Million.

Important Ratio Analysis

Some important ratios to consider here for New Gold Inc. (NYSE:NGD) are discussed below:

Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 15.22.

The Price to Sale P/S and Price to Book P/B shows the value of 1.81 and 0.57 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.35 and 0 correspondingly.

The Quick Ratio of New Gold Inc. (NYSE:NGD) stands at 1.6 while the Current Ratio depicts the value of 2.8.

Return on Assets ROA of New Gold Inc. (NYSE:NGD) is at 0% whereas, Return on Equity ROE and Return of Investment ROI of New Gold Inc. (NYSE:NGD) stand at 0% and -3% respectively.

Stock Performance Analysis

The stock performance of New Gold Inc. (NYSE:NGD) on the basis of 5 day trade show the jump of 4.48% whereas, the monthly performance of the stock shows decrease of -5.83%.

The quarterly performance of the stock remained in red zone with the value of -17.97% while six month performance of the shares of New Gold Inc. (NYSE:NGD) remained bearish with the count of -38.42%.

The yearly and YTD performance of New Gold Inc. (NYSE:NGD) remained down at -31.6% and -36.17% respectively.