NovaGold Resources Inc. (TSE:NG - Get Free Report) rose 39.2% during trading on Wednesday . The stock traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares changed hands during 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 upgraded shares of NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Analysis on NovaGold Resources
NovaGold Resources Stock Performance
The firm has a market cap of C$1.43 billion, a PE ratio of -31.43 and a beta of 1.07. The company has a 50 day simple moving average of C$4.48 and a two-hundred day simple moving average of 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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