NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price traded up 24% on Thursday . The stock traded as high as C$6.53 and last traded at C$6.41. 1,907,457 shares traded hands during trading, an increase of 384% from the average session volume of 394,140 shares. The stock had previously closed at C$5.17.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday. National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Get Our Latest Analysis on NG
NovaGold Resources Trading Down 5.0%
The business's 50 day moving average is C$4.93 and its two-hundred day moving average is C$4.79. The company has a market cap of C$1.37 billion, a PE ratio of -30.02 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.
Further Reading
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