NovaGold Resources Inc. (TSE:NG - Get Free Report) shares shot up 37.1% on Tuesday . The stock traded as high as C$6.00 and last traded at C$5.91. 1,013,894 shares were traded during trading, an increase of 265% from the average session volume of 277,851 shares. The stock had previously closed at C$4.31.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Check Out Our Latest Analysis on NG
NovaGold Resources Trading Down 10.7 %
The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -32.10 and a beta of 1.07. The stock's 50 day moving average price is C$4.48 and its 200 day moving average price is C$4.71.
About NovaGold Resources
(
Get Free Report)
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.
Featured Stories
Before you consider NovaGold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NovaGold Resources wasn't on the list.
While NovaGold Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
