NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price traded up 30.2% during mid-day trading on Tuesday . The company traded as high as C$5.65 and last traded at C$5.61. 740,350 shares traded hands during mid-day trading, an increase of 169% from the average session volume of 274,769 shares. The stock had previously closed at C$4.31.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Check Out Our Latest Report on NovaGold Resources
NovaGold Resources Stock Performance
The business has a fifty day moving average of C$4.48 and a 200-day moving average of C$4.71. The firm has a market capitalization of C$1.47 billion, a P/E ratio of -32.10 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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