Mining Stock Surges Mid-Week After Strong Q1 Earnings
Traders liked what they saw as they snatched up shares of New Gold Inc. (NYSE American:NGD), pushing the mining stock up to $3.94/share (+17.61%) at the early session high. This move is a strong continuation of the success this stock has had over the last few months.
New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver.
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