NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price traded up 24% on Wednesday . The company traded as high as C$6.53 and last traded at C$6.41. 1,907,457 shares traded hands during trading, an increase of 384% from the average session volume of 394,140 shares. The stock had previously closed at C$5.17.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Royal Bank of Canada upgraded NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research report on Wednesday. National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Check Out Our Latest Report on NovaGold Resources
NovaGold Resources Stock Performance
The firm has a market capitalization of C$1.37 billion, a P/E ratio of -30.02 and a beta of 1.07. The business has a fifty day moving average of C$4.93 and a 200-day moving average of C$4.79.
About NovaGold Resources
(
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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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