New Gold shares fall 11.06% intraday as gold prices drop and stock corrects after 164.52% annual gain.

New Gold Inc. plunged 11.06% intraday as international gold prices fell significantly during European trading hours, prompting investors to take profits at higher levels, which dragged down gold-related stocks like New Gold. The stock has gained 164.52% year-to-date and is now experiencing a technical correction following its overbought condition.