NovaGold Resources Inc. (TSE:NG - Get Free Report) shares were up 39.2% during trading on Tuesday . The company traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares were traded during trading, an increase of 458% from the average daily volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Ratings Changes
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Stock Analysis on NG
NovaGold Resources Price Performance
The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of -32.10 and a beta of 1.07. The business's 50-day moving average price is C$4.48 and its two-hundred day moving average price is C$4.71.
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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