New Gold (NGD) Pops to 12-Year High as Rate Cut Sparks Rosy Prospects

We recently published 10 Firms Stealing the Spotlight; 4 Are Climbing to Record Highs. New Gold Inc. (NYSEAmerican:NGD) is one of the best performers on Thursday. New Gold jumped to a 12-year high on Thursday, as investors continued to load up portfolios after the Federal Reserve slashed interest rates in its last committee meeting for the year. At intra-day trading, the stock jumped to its highest price of $8.77 before trimming a few cents to finish the session just up by 9.20 percent at $8.55 apiece. ...