NovaGold Resources Inc. (TSE:NG - Get Free Report) shot up 39.2% on Wednesday . The stock traded as high as C$6.31 and last traded at C$6.00. 1,599,408 shares changed hands during mid-day trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Analysis on NovaGold Resources
NovaGold Resources Trading Down 4.6 %
The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of -30.64 and a beta of 1.07. The firm's 50-day moving average is C$4.48 and its 200 day 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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