NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price rose 39.2% 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 trading, an increase of 458% from the average daily volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
View Our Latest Stock Analysis on NovaGold Resources
NovaGold Resources Stock Down 2.1 %
The stock's 50 day moving average is C$4.48 and its 200-day moving average is C$4.71. The company has a market cap of C$1.43 billion, a PE ratio of -31.43 and a beta of 1.07.
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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