Easily ranking among the most exciting, but also highly risky, junior gold exploration firms, New Found Gold (NYSEAMERICAN:NFGC) is quietly attracting interest from risk-tolerant gamblers. Over the years, New Found has made waves in the precious metals scene with astounding gold concentration claims — with some high-profile critics claiming that the news is too good to be true. Still, if the former is more aligned with reality, NFGC stock could potentially skyrocket.
Put another way, New Found is exactly what it sounds like — a high-risk, high-reward penny stock. With a time-of-writing price tag of less than two bucks and a market capitalization of only 527.2 million CAD, there’s no better descriptor. With NFGC stock, you’re swinging for the fences.
As such, New Found isn’t for everyone. However, open-minded investors should consider the main angles — both the positives and negatives — before making a decision.
This post originally appeared at Money Morning.