New Found Gold (NFGC) Gains Momentum After Major Equity Offering
Key takeaways
- NFGC stock has climbed more than 80% over the past year, and the Street expects it to rise more than 90% over the next 12 months.
- On April 27, New Found Gold Corp (NYSEAMERICAN:NFGC) reported that it raised C$115 million in gross proceeds through an equity offering in a bought deal financing.
- EdgePoint Investment Group and New Found Gold shareholder Eric Sprott participated in the offering.
New Found Gold (NFGC) Gains Momentum After Major Equity Offering Abdul Rahman Fri, May 15, 2026 at 10:53 PM GMT+7 2 min read NFGC GC=F New Found Gold Corp (NYSEAMERICAN:NFGC) is one of the explosive mining penny stocks to watch in 2026. NFGC stock has climbed more than 80% over the past year, and the Street expects it to rise more than 90% over the next 12 months.
Gold bars. Photo by Zlaťáky.cz on Pexels
On April 27, New Found Gold Corp (NYSEAMERICAN:NFGC) reported that it raised C$115 million in gross proceeds through an equity offering in a bought deal financing. The company said it closed the offering of 38.9 million shares of its common stock, including the full exercise of the underwriters’ over-allotment option to purchase an additional 5.1 million shares.