Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) were up 39.2% during trading on Wednesday . The company traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares were traded during mid-day trading, an increase of 458% from the average daily volume of 286,535 shares. The stock had previously closed at C$4.31.
Analysts Set New Price Targets
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Get Our Latest Report on NG
NovaGold Resources Trading Down 3.7 %
The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of -30.90 and a beta of 1.07. The stock's 50-day simple moving average is C$4.48 and its 200-day simple moving average is C$4.71.
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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