Recent insider purchases are being read as a bullish indicator for the NGD stock price forecast. Such buying typically signals management’s confidence in near-term production and profitability. We recently compiled a list of the 7 Best Rising Penny Stocks To Invest In Now . In this article, we are going to take a look at where New Gold Inc. (NYSE:NGD) stands against the other rising penny stocks. This article is not financial advice. See Quiver Quantitative's disclaimers for more information. The NGD stock price forecast remains favorable if it breaks above the $1.70 resistance, potentially triggering momentum buying from commodity-focused funds.