NovaGold Resources Inc. (TSE:NG - Get Free Report) shares shot up 24% during mid-day trading on Wednesday . The company traded as high as C$6.53 and last traded at C$6.41. 1,907,457 shares were traded during mid-day trading, an increase of 384% from the average session volume of 394,140 shares. The stock had previously closed at C$5.17.
Analyst Ratings Changes
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
View Our Latest Analysis on NG
NovaGold Resources Stock Performance
The firm has a market capitalization of C$1.53 billion, a P/E ratio of -33.46 and a beta of 1.07. The firm has a 50 day moving average price of C$4.82 and a two-hundred day moving average price of C$4.77.
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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