NovaGold Resources Inc. (TSE:NG - Get Free Report) was up 24% on Wednesday . The stock traded as high as C$6.53 and last traded at C$6.41. Approximately 1,907,457 shares traded hands during mid-day trading, an increase of 384% from the average daily volume of 394,140 shares. The stock had previously closed at C$5.17.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
View Our Latest Stock Report on NG
NovaGold Resources Stock Performance
The company has a market capitalization of C$1.53 billion, a P/E ratio of -33.46 and a beta of 1.07. The stock's 50 day moving average price is C$4.86 and its 200 day moving average price is C$4.78.
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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