NovaGold Resources Inc. (TSE:NG - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.99 and last traded at C$6.47, with a volume of 1429773 shares changing hands. The stock had previously closed at C$6.00.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Analysis on NovaGold Resources
NovaGold Resources Price Performance
The firm has a market cap of C$1.39 billion, a PE ratio of -30.43 and a beta of 1.07. The business's fifty day moving average is C$4.51 and its 200-day moving average is C$4.72.
NovaGold Resources Company Profile
(
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NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.
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